5 January 2021

Ferrexpo plc

("Ferrexpo" or the "Company" or the "Group")

Special Interim Dividend Announcement

The Board of Directors ("Board") of Ferrexpo is pleased to announce a special interim dividend of 13.2 US cents.

The special interim dividend announced today reflects the strong operational and financial performance of the Group in 2020, and strong balance sheet.

To date, total dividends declared in respect of the 2020 financial year amount to 33.0 US cents (FY2019: 19.8 cents). The Board of Ferrexpo will consider the final dividend for the 2020 financial year ahead of the Group's full year results announcement on 17 March 2021.

The special interim dividend announced today will be paid on 28 January 2021 to shareholders on the register at the close of business on 15 January 2021. It will be paid in UK Pounds Sterling, with an election to receive in US Dollars.

For further information, please contact:

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 world's 3^rd 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 under the ticker FXPO. For further information, please visit www.ferrexpo.com.

1