Holding(s) in Company

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

No

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): Acquisition of voting rights and acquisition of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached.

Yes

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

RPG Partners Limited, the parent undertaking of Wigmore Street Investments No. 3 Limited which indirectly controls Wigmore Street Investments No. 3 Limited

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

Wigmore Street Investments No. 3 Limited

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

23 December 2009

6. Date on which issuer notified:

24 December 2009

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

24%

8: Notified Details

A: Voting rights attached to shares

Class/type of shares

If possible use ISIN code

ORDINARY

GB00B1XH2C03

Situation previous to the triggering transaction

Resulting situation after the triggering transaction

Number of shares

  0

Number of voting rights

0

Number of shares

76,656,035

Number of voting rights

Percentage of voting rights

Direct

76,656,035

Indirect

N/A

Direct

13.02%

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

Total Return Swap over ordinary shares of Ferrexpo plc

On the date 10 business days prior to 22 October 2012

Wigmore Street Investments No. 3 Limited may elect for physical settlement of the Total Return Swap on the date 10 business days prior to 22 October 2012

23,500,000

3.99%

Total Return Swap over ordinary shares of Ferrexpo plc

On the date 10 business days prior to 22 October 2012

Wigmore Street Investments No. 3 Limited may elect for physical settlement of the Total Return Swap on the date 10 business days prior to 22 October 2012

23,500,000

3.99%

Total Return Swap over ordinary shares of Ferrexpo plc

On the date 10 business days prior to 22 October 2012

Wigmore Street Investments No. 3 Limited may elect for physical settlement of the Total Return Swap on the date 10 business days prior to 22 October 2012

23,500,000

3.99%

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Exercise price

Expiration date

Exercise/ conversion period/date 

No. of voting rights instrument refers to

Percentage of voting rights

N/A

N/A

N/A

N/A

N/A

Nominal

Delta

N/A

N/A

Total (A+B+C)

Number of voting rights

Percentage of voting rights

147,156,035

24.99%

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

RPG Partners Limited is the parent undertaking of and indirectly wholly controls Wigmore Street Investments No. 3 Limited. Wigmore Street Investments No. 3 Limited holds all the voting rights and the financial instruments referred to on this form amounting to 24.99% of the voting rights in aggregate.

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:

None

14 Contact name:

Mr Gavin Mackay

15. Contact telephone name:

+44 (0) 20 7389 8300