Over-Allotment Option

Ferrexpo PLC
29 June 2007


The information contained herein is restricted and is not for release,
distribution, or publication directly or indirectly, in or into the United
States, Australia, Canada or Japan or to residents or citizens of Australia,
Canada or Japan.
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29 June 2007

Ferrexpo plc ('Ferrexpo' or the 'Company')

Announcement of Exercise of Over-Allotment Option

Ferrexpo plc announces that, in connection with its initial public offering of
ordinary shares, (the 'Global Offer'), JPMorgan Cazenove Limited, as stabilising
manager and on behalf of the underwriters of the Global Offer, has today given
notice to exercise in full the over-allotment option in respect of 10,646,855
existing ordinary shares at the offer price of 140 pence per ordinary share.

Following the exercise of the over-allotment option, 170,641,893 ordinary shares
will be held in public hands, representing a free float of approximately 28 per
cent. of the issued share capital of the Company.


For further information, please contact:


Ferrexpo plc Tel: [phone] Dennis McShane

JPMorgan Cazenove Limited Tel: [phone] Ian Hannam and Neil Haycock

Deutsche Bank AG, London Branch Tel: [phone] Nicholas Taylor and John Lydon

Finsbury Tel: [phone] Robin Walker and Alex Simmons


This announcement has been prepared and issued by Ferrexpo plc and is the sole
responsibility of Ferrexpo plc.

This announcement may not be distributed, directly or indirectly, in or into the
United States, Canada, Australia or Japan. This announcement does not constitute
or form part of an offer to sell or issue, or any solicitation of an offer to
buy or subscribe for, any securities referred to herein. The Global Offer and
the distribution of this announcement and other information in connection with
the Global Offer in certain jurisdictions may be restricted by law and persons
into whose possession any document or other information referred to herein comes
should inform themselves about and observe any such restriction. Any failure to
comply with these restrictions may constitute a violation of the securities laws
of any such jurisdiction.

The securities mentioned herein have not been, and will not be, registered under
the U.S. Securities Act of 1933 (the 'Securities Act'), and may not be offered
or sold in the United States (as such term is defined in Regulation S under the
Securities Act) unless they are registered under the Securities Act or pursuant
to an exemption from registration. No public offer of the ordinary shares is
being made in the United States.

JPMorgan Cazenove Limited is acting exclusively for Ferrexpo plc and no one else
in relation to the Global Offer and will not be responsible to any other person
for providing the protections afforded to their respective clients or for
providing advice in relation to the Global Offer.

End




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