Ferrexpo PLC — Capital/Financing Update 2013

Feb 20, 2013

National Storage Mechanism | Additional information

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RNS Number : 2787Y

Ferrexpo PLC

20 February 2013

20 February 2013

Ferrexpo plc

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

Bond Transaction Update

As previously announced on 30 January 2013, Ferrexpo has been meeting with bond investors to gauge interest for a potential USD-denominated senior unsecured Reg S / 144A Eurobond issue.  Ferrexpo would like to thank investors for their high level of interest and for the productive investor meetings.

The Company has decided not to proceed with a bond transaction at this time given the widening in credit spreads since the beginning of February, the Group's current robust liquidity position and other available sources of financing. Ferrexpo intends to maintain a long term dialogue with investors and will continue to review the international debt capital markets as a potential source of financing subject to market conditions.

For further information, please contact: Ferrexpo:
Ingrid McMahon	+44 207 389 8304
Pelham Bell Pottinger
Charles Vivian	+44 207 861 3126
Lorna Spears	+44 207 861 3883

Notes to Editors:

Ferrexpo is a Swiss headquartered iron ore company with assets in Ukraine. It is principally involved in the production and export of high quality iron ore pellets, which are used in the manufacture of steel. Ferrexpo's resource base is one of the largest iron ore deposits in the world. Its current producing asset, FPM, produced approximately 10 million tonnes of iron ore pellets in 2012 making it the largest exporter of pellets in the CIS. The Company has a diversified customer base supplying steel mills in Austria, Slovakia, Czech Republic, Germany and other European states, as well as in China, India, Japan, Taiwan and South Korea. Ferrexpo is listed on the main market of the London Stock Exchange under the ticker FXPO. For further information, please visit www.ferrexpo.com

This information is provided by RNS

The company news service from the London Stock Exchange

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