Update on operations in Ukraine

20 January 2026

Ferrexpo plc

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

Update on operations in Ukraine

Ferrexpo plc (LSE: FXPO) advises that, further to the previous announcement on 8 November 2025, there have been further attacks on Ukrainian electricity generation and transmission infrastructure, and the supply of power to the Company's operations has once again been affected.

Until the supply of electricity can be assured on a sustainable basis in the volumes required, it has been decided to temporarily suspend operations and place a part of the workforce on furlough.

There have been no reports of workforce fatalities or injuries and there has been no damage to Ferrexpo's operating assets.

An update will be provided as and when appropriate.

This announcement contains inside information. The person responsible for the release of this announcement is Mark Gregory, Group Company Secretary.

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About Ferrexpo:

Ferrexpo produces and exports premium grade iron ore products to premium steel mills around the world, enabling them to reduce carbon emissions and increase productivity. The Group is headquartered in Switzerland, with assets in Ukraine and a listing in the equity shares commercial companies category on the London Stock Exchange (ticker FXPO). Ferrexpo is a constituent of the FTSE All Share and FTSE4Good indices. For further information, please visit www.ferrexpo.com.