Ferrexpo plc provided the following update regarding Non-executive Director Kostyantin Zhevago. Further to the company's announcement on 29 December 2022, the Board of Directors of Ferrexpo can confirm that it has now received Mr. Zhevago's formal resignation letter, effective as of 29 December 2022. The company notes that the relationship agreement in place with Mr. Zhevago allows for the appointment by Mr. Zhevago of a Non-executive Director to the Board as his representative.

Mr. Zhevago has not exercised this right at this time, following his resignation.