3 January 2023                                                                                                                                                                                    

Ferrexpo plc

("Ferrexpo" or the "Company" or the "Group")

Resignation of Non-executive Director

Ferrexpo plc (LSE: FXPO), a producer and exporter of high grade iron ore pellets to the global steel industry, provides the following update regarding Non-executive Director Kostyantin Zhevago.

Further to the Company's announcement on 29 December 2022, the Board of Directors of Ferrexpo can confirm that it has now received Mr Zhevago's formal resignation letter, effective as of 29 December 2022.

The Company notes that the relationship agreement in place with Mr Zhevago allows for the appointment by Mr Zhevago of a Non-executive Director to the Board as his representative. Mr Zhevago has not exercised this right at this time, following his resignation.

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About Ferrexpo:

Ferrexpo is a Swiss headquartered iron ore company with assets in Ukraine and a premium listing on the London Stock Exchange in the FTSE 250 index (ticker FXPO). The Group produces high grade iron ore pellets, which are a premium product for the global steel industry and enable reduced carbon emissions and increased productivity for steelmakers when the Group's iron ore pellets are converted into steel, compared to more commonly traded forms of iron ore. Ferrexpo's operations have been supplying the global steel industry for over 50 years, and in 2021 the Group produced 11.2 million tonnes of iron ore pellets, placing Ferrexpo as the world's third largest exporter of pellets to the global steel industry with a market share of approximately 9%. The Group has a global customer base comprising of premium steel mills around the world, which includes steel mills in Austria, Germany, Japan, South Korea, Taiwan, China, Slovakia, the Czech Republic, Turkey, Vietnam and America. For further information, please visit www.ferrexpo.com.