Nov 2 (Reuters) - Ferrexpo PLC:

* INVESTIGATIONS ON USE OF WASTE PRODUCT UPDATE

* GROUP HAS ELECTED TO PAY REDUCED BAIL SO THAT CHAIR OF FPM MANAGEMENT BOARD CAN BE RELEASED TO HIS FAMILY, AND RETURN TO HIS ROLE AT FPM

* GROUP CONTINUES TO BELIEVE THAT CLAIMS REGARDING SALE OF WASTE PRODUCTS BY FPM ARE WITHOUT MERIT

* OPERATIONS OF FERREXPO ARE UNAFFECTED

* PAYMENT OF BAIL AMOUNT IS A SMALLER RELATED PARTY TRANSACTION FOR PURPOSES OF LISTING RULE 11.1.10R

* ON 26 SEPTEMBER CHAIR OF FPM MANAGEMENT BOARD WAS DETAINED WITH BAIL SET AT UAH999 MILLION

* AN APPEAL WAS LODGED AND AT A HEARING ON 30 OCTOBER 2023 BAIL WAS REDUCED TO UAH400 MILLION

* THERE REMAINS RISK THAT COURTS IN UKRAINE MAY SEEK TO IMPOSE FURTHER BAIL PAYMENTS Source text for Eikon: Further company coverage: (Reuters.Briefs@thomsonreuters.com)