Rule 3.1.2 Disclosure

Ferrexpo PLC
05 February 2008


5 February 2008

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

NOTIFICATION TO FERREXPO PLC OF A TRANSACTION PURSUANT TO DISCLOSURE RULES AND
TRANSPARENCY RULES 3.1.2

Ferrexpo plc announces that it has received notification from Fevamotinico
S.a.r.l., a connected person of Mr Kostyantyn Zhevago within the meaning of
section 96(B)(2) of the Financial Services and Markets Act 2000, that on 31
January 2008 it has effected a transaction conducted on its own account in the
ordinary shares of Ferrexpo plc. The details of such transaction for the
purposes of Rule 3.1.3 of the Disclosure Rules and Transparency Rules are as
follows:-

Notifying Party:                        Fevamotinico S.a.r.l., a connected person of Mr Kostyantyn Zhevago

Reason for responsibility to notify:    Fevamotinico S.a.r.l. is a holder of 443,905,923 ordinary shares of 10p each in 
                                        Ferrexpo plc

Name of Issuer:                         Ferrexpo plc

Nature of Transaction:                  Charge over 443,326,058 ordinary shares of 10p each of Ferrexpo plc in favour of
                                        Deutsche Bank AG, London Branch pursuant to a charge over shares between        
                                        Fevamotinico S.a.r.l. and Deutsche Bank AG, London Branch dated 31 January 2008.

Date and Place of Transaction:          31 January 2008, City of London, United Kingdom

Price and Volume:                       443,326,058 ordinary shares of 10p each of Ferrexpo plc. No applicable price    
                                        (charge over shares).

For further information, please contact:

Ferrexpo plc                Tel: [phone]                      Gavin Mackay


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