OREANDA-NEWS. Ferrexpo plc is pleased to announce that, as of the Early Exchange and Consent Deadline, Ferrexpo Finance plc had received instructions with respect to 84.53% of the aggregate principal amount of the Existing Notes outstanding, of which 99.42% voted in favour.

This is above the requisite 75% majority required to complete the Exchange Offer as set out in the Exchange Offer and Consent Solicitation Memorandum dated 28 May 2015. All instructions received from noteholders are irrevocable. The Exchange Offer will remain open for an additional 10 business days until 11:59 p.m. (New York time) on 30 June 2015.

Settlement of the Exchange Offer is currently expected to occur in early July 2015. If the Exchange Offer is completed successfully, the USD 285,669,000 of Existing Notes due in April 2016 will be exchanged for cash of approximately USD 99,985,000 and for approximately USD 185,684,000 of New Notes which have substantially identical terms and conditions to the Ferrexpo Finance plc 2019 notes issued in February 2015. Ferrexpo plc will make additional announcements as required.