Reference is made to the stock exchange notice dated 7 August 2020 regarding a
request for interlocutory measure from Calexco S.À R.L. ("Calexco").

On 10 August 2020, Boa IMR AS ("Boa IMR") was also served with a request for
interlocutory measures from Waltham Limited ("Waltham"), a company registered in
the jurisdiction of Belize.

Following a transportation of claims, Calexcos shares in Boa IMR was pledged to
Waltham on 30 November 2018. Due to this pledge, Waltham claims to have an
interest in the funds payable by Ferrexpo Plc ("Ferrexpo") to Boa IMR.
 
In the request for interlocutory measures Waltham requests Sør-Trøndelag
District Court to order that BOA IMR shall not have a right to dispose over the
funds paid by Ferrexpo Plc and/or Fevamotinico S.à r.l before a final and
enforceable judgment regarding the validity of Calexco rescission has been
decided. Further, Waltham claims that necessary corporate resolutions in BOA IMR
must have been made. 

BOA IMR will dispute the request for an interlocutory measure before
Sør-Trøndelag District Court.

For further information, please contact: Helge Kvalvik, CEO: Tel +47 97 97 97
72.

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