Ferrexpo 2020 Special Interim Dividend Declaration

11 September 2020

FERREXPO PLC

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

Ferrexpo 2020 Special Interim Dividend Declaration

The Board of Directors ("Board") of Ferrexpo is pleased to announce a further special interim dividend of 6.6 US cents.

The dividend announced today follows the special interim dividend of 6.6 US cents announced in June, as well as the interim dividend of 6.6 US cents announced alongside the Company's Interim Results last month, and brings the total distributions announced in respect of this year to 19.8 US cents (FY 2019: 13.2 US cents).

Today's special interim dividend reflects the Group's strong cash generation and is in line with the Board's strategy to maintain a balance between sustainable and attractive shareholder returns, investment in growth opportunities and balance sheet strength. Since the first half of the year, Ferrexpo's operations have continued to perform well and demand remains strong for the Company's iron ore pellets.

The special interim dividend will be paid on 8 October 2020 to shareholders on the register at the close of business on 25 September 2020.  It will be paid in UK Pounds Sterling, with an election to receive in US Dollars.

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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 over 40 years. In 2019, the Group produced 10.5 million tonnes of pellets ranking it as the 3rd largest exporter of pellets to the global steel industry with a market share of approximately 8%. Ferrexpo has a diversified customer base supplying steel mills in Austria, Germany, Japan, South Korea, Taiwan, China, Slovakia, the Czech Republic, Turkey, Vietnam and America. Ferrexpo has a premium listing on the main market of the London Stock Exchange. For further information, please visit www.ferrexpo.com