Ferrexpo Credit Facility

9 August 2018

FERREXPO plc

("Ferrexpo" or the "Group")

Extension and increase of 2017 credit facility to US$400 million

Ferrexpo is pleased to announce it has increased its 2017 Pre-Export Finance credit facility (the 'Credit Facility') from US$195 million to US$400 million and extended the tenor from three to four years. The Credit Facility is a revolving committed facility and has a one year grace period before quarterly amortisations commence.

The Credit Facility was arranged by BNP Paribas and Deutsche Bank and includes seven other international lenders. The cost of the Facility remains 450 basis points above US Libor.

Chris Mawe, Chief Financial Officer of Ferrexpo said:

"The extension of this Facility smooths and extends the Group's debt maturity profile and is in line with Ferrexpo's strategy to have a principal revolving, low cost, long term debt facility that amortises on a quarterly basis."

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Notes to Editors:

Ferrexpo is a Swiss headquartered iron ore company with assets in Ukraine. It has been mining, processing and selling high quality iron ore pellets to the global steel industry for 40 years. Ferrexpo's resource base is one of the largest iron ore deposits in the world. In 2017, the Group produced 10.4 million tonnes of pellets ranking it as the 3^rd largest exporter of pellets to the global steel industry with a market share of approximately 8.5%. Ferrexpo has a diversified customer base supplying steel mills in Austria, Germany, Japan, South Korea, Taiwan, China, Slovakia, the Czech Republic, Turkey and Vietnam. Ferrexpo has a premium listing on the main market of the London Stock Exchange under the ticker FXPO. For further information, please visit www.ferrexpo.com