Ferrexpo : Production for 1Q 2020

7 April 2020

Ferrexpo plc

('Ferrexpo', the 'Group' or the 'Company')

Production for 1Q 2020

Summary:

· 1Q 2020 pellet production up 7% to 2.7 million tonnes (1Q 2019: 2.5 million tonnes)

· Production of 65% Fe pellets up 9% to 2.7 million tonnes (1Q 2019: 2.4 million tonnes)

· 1Q 2020 sales are expected to be around 2.8 million tonnes (1Q 2019: 2.6 million tonnes)

· Production in 1Q 2020 was not impacted by the COVID-19 virus. Ferrexpo continues to take active measures to help protect our workforce and local communities against the spread of the virus.

Production in Tonnes '000	1Q 2020	4Q 2019	Change		YTD	YTD	Change
			%		2020	2019	%
Pellet production from own ore
-62% Fe pellets	73.33	91.84	-20.2		73.33	107.50	-31.8
-65% Fe pellets	2,652.00	2,535.72	4.6		2,652.00	2,431.20	9.1
Total Group production	2,725.33	2,627.56	3.7		2,725.33	2,538.70	7.4

Note: there was no pellet production from third party concentrate in 2019 or 1Q 2020

For further information, contact:

Ferrexpo:
Ingrid McMahon	[phone]
Maitland:
James Isola	[phone]

Notes to Editors:

Ferrexpo is a Swiss headquartered iron ore company with assets in Ukraine. It has been mining, processing and selling high quality iron ore pellets to the global steel industry for over 40 years. In 2019, the Group produced 10.5 million tonnes of pellets ranking it as the 3rd largest exporter of pellets to the global steel industry with a market share of approximately 8%. Ferrexpo has a diversified customer base supplying steel mills in Austria, Germany, Japan, South Korea, Taiwan, China, Slovakia, the Czech Republic, Turkey, Vietnam and America. Ferrexpo has a premium listing on the main market of the London Stock Exchange. For further information, please visit www.ferrexpo.com