Statement re: AIM Broker

2 March 2018

Ferrum Crescent Limited

("FCR", the "Company" or the "Group")(ASX, AIM, JSE: FCR)

Statement re: AIM Broker

FCR, the European lead-zinc explorer, notes the announcement earlier today regarding Beaufort Securities Limited ("BSL") and Beaufort Asset Clearing Services Limited ("BACSL") being placed into administration and that the Financial Conduct Authority (the "FCA") has imposed requirements on BSL and BACSL to cease all regulatory activity.

BSL is a joint broker to the Company pursuant to the AIM Rules for Companies (the "AIM Rules"). As a result of the abovementioned requirements imposed by the FCA, BSL will no longer be able to provide broking services to the Company in accordance with the AIM Rules.

Accordingly, Peterhouse Corporate Finance Limited is now sole broker to the Company, pursuant to the AIM Rules, with immediate effect.

For further information on the Company, please visit www.fcrexploration.com or www.ferrumcrescent.com or contact:

Ferrum Crescent Limited

Daniel Smith, Non-Executive Director and Company Secretary (Australia)

T: +61 8 9486 4036

Laurence Read, Executive Director (UK) T: + 44 (0)20 3289 9923

Strand Hanson Limited (Nominated Adviser) Rory Murphy / Matthew Chandler

T: +44 (0)20 7409 3494

Peterhouse Corporate Finance Limited (Broker) Lucy Williams / Duncan Vasey / Heena Karani

T: +44 (0)20 7469 0930

Bravura Capital (Pty) Ltd (JSE Sponsor) Melanie De Nysschen

T (direct): +27 11 459 5052