Change of Holdings in the Company

International Ferro Metals Limited

("IFL" or the "Company")

Change of Holdings in the Company

London, 22 January 2014 - International Ferro Metals Limited (LSE: IFL), the integrated ferrochrome producer, announces that it was advised on 22 January 2014 that Aviva plc and its subsidiaries has decreased its notifiable interest in the share capital of the Company from 32,963,811 ordinary shares to 13,480,785 ordinary shares representing 2.43 per cent of the issued share capital of the Company as at 16 January 2013.This represents a 5% to

The total number of voting rights in the Company is 554,008,047.

For more information please visit the Company's website, www.ifml.com or contact:

International Ferro Metals Limited

Chris Jordaan, Chief Executive Officer

Mob: +27 82 653 1463

About International Ferro Metals:

IFL is a ferrochrome producer is an integrated chromite mine and ferrochrome processing operations located in South Africa for use in the global stainless steel industry.