Letter to shareholders re: auditor engagement

30 April 2025

Ferrexpo plc

("Ferrexpo" or the "Company")

Letter to shareholders regarding auditor engagement

Ferrexpo plc (LSE: FXPO), a premium iron ore pellet producer and supplier to the global steel industry, announces that it has today published the following letters:

· Letter to shareholders dated 30 April 2025;

· Letter of no circumstance from the Company's auditor, MHA, notifying the Company of the transition to a new legal audit entity, MHA Audit Services LLP.

As a result of this change, Resolution 3 in the Notice for the Annual General Meeting ('AGM'), to be held on 22 May 2025, will need to be amended to reflect the new name of the auditors. To facilitate this amendment, and in accordance with article 60.2 of Ferrexpo Plc's Articles of Association, the Chairperson will propose a procedural ordinary resolution at the AGM to amend Resolution 3 to read as follows:

"To re-appoint MHA Audit Services LLP as the Company's auditors to hold office until the conclusion of the next general meeting at which the Annual Report and Accounts are to be laid before the Company."

Shareholders and their duly appointed proxies will be able to vote on this amendment to the resolution at the AGM. Shareholders are not required to take any further action.

The Letter to shareholders and letter of no circumstance from MHA are available to view on the Group's website at www.ferrexpo.com.

In accordance with 6.4.1 and 6.4.3 of the UK Listing Rules and 6.3.5 of the Disclosure and Transparency Rules, a copy of the letter to shareholders and letter of no circumstance from MHA have been uploaded to the NationalStorage Mechanism and will shortly be available in unedited full text at https://data.fca.org.uk/#/nsm/nationalstoragemechanism

For further information please contact:

About Ferrexpo

Ferrexpo is a Swiss headquartered iron ore company with assets in Ukraine and a listing in the equity shares commercial companies category on the London Stock Exchange (ticker FXPO) and a constituent of the FTSE 250 and FTSE4Good indices. The Group produces high grade iron ore pellets, which are a premium product for the global steel industry and enable reduced carbon emissions and increased productivity for steelmakers when converted into steel, compared to more commonly traded forms of iron ore. Ferrexpo's operations have been supplying the global steel industry for over 50 years. Before Russia's full-scale invasion of Ukraine in February 2022, the Group was the world's third largest exporter of pellets. The Group has a global customer base comprising of premium steel mills around the world. For further information, please visit www.ferrexpo.com.