3 July 2019

FERREXPO plc

("Ferrexpo" or the "Group")

Appointment of Auditor

Ferrexpo announces that, following the completion of an audit tender led by the Company's Audit Committee, the Board has approved the appointment of MHA MacIntyre Hudson, the UK member of Baker Tilly International, as the Company's auditor for the current financial year with immediate effect. The appointment of MHA MacIntyre Hudson for subsequent financial years will be subject to approval by shareholders at each Annual General Meeting.

The Board of Ferrexpo looks forward to working with MHA MacIntyre Hudson and Baker Tilly International, one of the top ten audit networks in the world, which has significant audit capability in Ukraine having operated there since 1999.

As previously indicated the Group's unaudited half year results will be published on 2 August 2019 and due to the timing of the appointment will not be subject to review by MHA MacIntyre Hudson.

For further information contact:

Ferrexpo:

Maitland/AMO:

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 2018, the Group produced 10.6 million tonnes of pellets, a 2% increase compared to 2017, 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 under the ticker FXPO. For further information, please visit www.ferrexpo.com