Agreement with Eskom

13 March 2013

International Ferro Metals Limited

("IFL" or the "Company")

Agreement with Eskom

International Ferro Metals Limited, the integrated ferrochrome producer, announces that it has reached a new agreement with Eskom to assist with the South African power utility's on-going electricity supply requirements.

IFL has agreed to extend the one furnace shutdown for a further two months through April and May 2013 on the same terms as the current agreement.

The Company's contractual commitments to customers will not be affected. No job losses will occur as a result of the buy-back programme and the furnace shut downs will not significantly impact our other mining and ore beneficiation operations.

For further information please visit www.ifml.com or contact:

International Ferro Metals Limited Tel: +27 14 574 6302

Chris Jordaan, Chief Executive Officer

Brunswick Group Tel: +44 (0) 20 7404 5959

Carole Cable / Clemmie Raynsford

Numis Securities Limited Tel: +44 (0) 20 7260 1000

James Black / Stuart Skinner / Alastair Stratton

About International Ferro Metals:

International Ferro Metals produces ferrochrome, the essential ingredient in stainless steel, from its integrated chromite mine and ferrochrome processing operations in South Africa. International Ferro Metals is listed on the London Stock Exchange under the symbol IFL.

Forward Looking Statements

This announcement contains certain forward looking statements which by their nature contain risk and uncertainty because they relate to future events and depend on circumstances that occur in the future. There are a number of factors that could cause actual results or developments to differ materially from those expressed or implied by these forward looking statements.