Ferrexpo PLC

Environmental & Social Information • Jun 27, 2019

National Storage Mechanism | Additional information

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RNS Number : 7258D

Ferrexpo PLC

27 June 2019

28 June 2019

FERREXPO plc

("Ferrexpo" or the "Group")

Report on Payments to Governments for the year ended 31 December 2018

Ferrexpo today provides information in accordance with DTR 4.3A in respect of payments made by the Company and its subsidiaries to governments for the year ended 31 December 2018 and in compliance with The Reports on Payments to Governments Regulations 2014, as amended (the Regulations).

2018	Production entitlements	Taxes paid	Royalties paid	Dividends paid	Bonuses paid	Licenses and concessions paid	Infrastructure improvements paid	Total
(US$'000)
Ukraine
State treasury: State budget	-	38,302	14,701	-	-	-	-	53,003
State treasury: Regional budget	-	1,515	4,900	-	-	-	-	6,415
State treasury: Local budget	-	3,924	263	-	-	-	-	4,187
Total Ukraine	-	43,741	19,864	-	-	-	-	63,605
Grand Total	-	43,741	19,864	-	-	-	-	63,605

Basis of preparation:

1.            The Company regards payments relating to the Group's mining operations in Ukraine as interconnected projects for the purposes of the Regulations.

2.            Taxes paid include taxes levied on the income, production or profits of companies but excludes any taxes levied on consumption such as value added taxes, personal income taxes or sales taxes.

3.            Payments made in currencies other than US Dollars are translated at the average foreign exchange rate for the relevant month.

This report is available for download at www.ferrexpo.com.

For further information contact:

Ferrexpo: Ingrid McMahon	+44 207 389 8304
Maitland: James Isola	+44 207 379 5151

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 f the London Stock Exchange under the ticker FXPO. For further information, please visit www.ferrexpo.com

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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