7 January 2013

Ferrex plc / Index: AIM / Epic: FRX / Sector: Mining

Ferrex plc ('Ferrex' or 'the Company') Scoping Study Update Substantially Improves Economics at Malelane Iron Ore Project

Ferrex plc, the AIM quoted iron ore and manganese development company focused in Africa, is pleased to provide a positive Scoping Study update from its 74% owned 4,192 Ha Malelane Iron Ore Project ('Malelane' or
'the Project') located in the prospective Mpumalanga Province of South Africa with direct access to the port of Maputo in Mozambique. The enhanced economics are primarily a result of improved fines recovery that the Company has been investigating for the last six months.

Overview