Ferrexpo maintains its 2014 full year dividend

2014 Financial Highlights:

Dividends

Ferrexpo aims to maintain stable and sustainable dividend payments throughout the business cycle. The prospects of the Company remain sound following the completion of over US$2 billion of investment since its IPO in 2007. The Group operates in a premium sector of the iron ore market with a first-class customer portfolio and has a competitive low cost base. In light of  Ferrexpo's continued strong financial performance in 2014, the Board is maintaining total dividends for the year in line with 2013 at US 13.2 cents per ordinary share (1H 2014/1H 2013 interim dividend: 3.3 US cents per ordinary share).

In accordance with this, a final ordinary dividend of US 3.3 cents per share is being proposed (2013 final ordinary dividend: US3.3 cents per ordinary share), as well as a special dividend of US 6.6 cents, as paid in the previous two years. The Group will target to maintain dividends at this level in future.  The total average annual dividend yield for the Group has been 4.7% since 2012.

Payment of the final ordinary dividend will be made on 29 May 2015 to shareholders on the register at the close of business on 1 May 2015. The dividend will be paid in UK Pounds Sterling with an election to receive US dollars.

The special dividend will be paid on 27 March 2015 to shareholders on the register at the close of business on 20 March 2015 and will amount to US$38 million, bringing the total final ordinary and special dividend to US$58 million. (2013: US$58 million).