Holding(s) in Company

For filings with the FSA include the annex

For filings with issuer exclude the annex 

TR-1: Notifications of Major Interests in Shares

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

FERREXPO PLC

2. Reason for notification (yes/no)

An acquisition or disposal of voting rights

YES

An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached 

NO

An event changing the breakdown of voting rights

NO

Other (please specify):______________

NO

3. Full name of person(s) subject to notification obligation:

FEVAMOTINICO S.À.R.L.

4. Full name of shareholder(s) (if different from 3):

N/A

5. Date of transaction (and date on which the threshold is crossed or reached if different):

6 OCTOBER 2008

6. Date on which issuer notified:

6 OCTOBER 2008

7. Threshold(s) that is/are crossed or reached:

71% to 51% (inclusive)

8: Notified Details

A: Voting rights attached to shares

Class/type of shares

If possible use ISIN code

ORDINARY

Situation previous to the triggering transaction

Resulting situation after the triggering transaction

Number of shares

422,562,593

Number of voting rights

422,562,593

Number of shares

300,198,313

Number of voting rights

Percentage of voting rights

Direct

300,198,313

Indirect

N/A

Direct

51.0%

Indirect

N/A

B: Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date

Exercise/ conversion period/date 

No. of voting rights that may be acquired (if the instrument exercised/converted)

Percentage of voting rights

N/A

N/A

N/A

N/A

N/A

Total (A+B)

Number of voting rights

Percentage of voting rights

300,198,313

51.0%

9. Chain of controlled undertakings through which the voting rights and /or the financial instruments are effectively held, if applicable:

N/A

Proxy Voting:

10. Name of proxy holder:

N/A

11. Number of voting rights proxy holder will cease to hold:

N/A

12. Date on which proxy holder will cease to hold voting rights:

N/A

13. Additional information:

The disposal of the 122,364,280 ordinary shares in Ferrexpo PLC was effected under a power of sale through JPMorgan Chase Bank, N.A. pursuant to a charge granted in connection with a loan from JPMorgan Chase Bank, N.A. as announced on 7 April 2008. The ordinary shares were disposed of at a price of 83 pence per share.

14 Contact name:

Mr Gavin Mackay

15. Contact telephone name:

+44 (0) 20 7389 8300

Annex: Notification of major interests in shares

A: Identity of the persons or legal entity subject to the notification obligation

Full name 

(including legal form of legal entities)

Fevamotinico S.a r.l.

Contact address 

(registered office for legal entities)

12, rue Guillaume Schneider

L-2522 Luxembourg

Phone number & email

+ 352 44 09 29 3047

[email protected]

Other useful information 

(at least legal representative for legal persons)

B: Identity of the notifier, if applicable

Full name

 Fevamotinico S.a r.l

Contact address

12, rue Guillaume Schneider

L-2522 Luxembourg

Phone number & email

+ 352 44 09 29 3047

[email protected]

Other useful information

(e.g. functional relationship with the person or legal entity subject to the notification obligation)

C: Additional information

N/A