Replacement of Director

1 April 2015

International Ferro Metals Limited

("IFL" or the "Company")

Replacement of Director

International Ferro Metals Limited, the integrated ferrochrome producer, announces the resignation of Ms Tian Xia as non-executive director. Ms Xia has been a director of IFL since its listing in 2005, and has made a valuable contribution to the Company over that time. Ms Xia is replaced by Mr Xiaoren Yin as non-executive director, effective 1 April 2015, under the terms of the relationship agreement with JISCO. Mr Yin is also appointed as executive director on the IFMSA board, replacing Mr Xiaoping Yang, who will resign as executive director from the IFMSA board.

Mr Yin has been an employee of IFL since 2004, having been previously employed by JISCO for a period of 19 years.

Xiaoren Yin has a Bachelor of Mining degree, is a Certified Senior Engineer and holds a Master's degree in metallurgical engineering.

Mr Yin has held numerous executive positions during his career, including as a professional engineer, alternative director of the Rock Mechanics Engineering Council of China and Division Chief in JISCO's Mining Administration.

The Company takes this opportunity to thank Ms Xia for her service to the Company over the past 10 years, and welcomes Mr Yin to the Board.

No information is required to be disclosed pursuant to LR 9.6.13 R.

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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.