FERRUM CRESCENT LIMITED - Extension of Deadline for First Funding Payment from PMI

Extension of Deadline for First Funding Payment from PMI

FERRUM CRESCENT LIMITED
(Incorporated and registered in Australia and registered as an external company in the
Republic of South Africa)
(Registration number A.C.N. 097 532 137)
(External company registration number 2011/116305/10)
Share code on the ASX: FCR
Share code on AIM: FCR
Share code on the JSE: FCR
ISIN: AU000000WRL8

3 June 2015

                              Ferrum Crescent Limited
   ("Ferrum Crescent", the "Company" or the "Group")(ASX: FCR, AIM: FCR, JSE: FCR)

             Extension of Deadline for First Funding Payment from PMI

Ferrum Crescent, the ASX, AIM and JSE Listed quoted iron ore developer, announces that
further to the Company’s announcement of 5 May 2015 in respect of the BFS financing
agreement, it has granted Principle Monarchy Investments (Proprietary) Limited (“PMI”) an
extension to the deadline for its first funding payment of R2 million due under the terms of
the memorandum of understanding (“MOU”). The first funding payment was scheduled to
have been made by 1 June 2015, but PMI has requested an extension in order to enable it
to complete its internal restructuring.

Under the revised terms of the MOU, the first R2 million funding payment must now be made
by 14 July 2015. Upon such payment, the MOU will then become legally binding and PMI
will thereafter be required to continue to pay R2 million per month until completion of the first
subscription tranche of R30 million, which must still be paid by 1 December 2015, with the
monthly payments to be credited towards this first subscription tranche.


For further information on the Company, please visit www.ferrumcrescent.com or contact:

 Australia enquiries:                        UK enquiries:
 Ferrum Crescent Limited                     Ferrum Crescent Limited
 Tom Revy T: + 61 8 9474 2995                Laurence Read (UK representative)
 Managing Director                           T: +44 7557672432
                                             Strand Hanson Limited (Nominated Adviser)
                                             Rory Murphy/Matthew Chandler
                                             T: +44 20 7409 3494
                                             Beaufort Securities (Broker)
                                             Elliott Hance
                                             +44 20 7382 8416

 South Africa enquiries:                     Bravura Capital (Pty) Ltd
                                             (JSE Sponsor)
                                             Doné Hattingh
                                             T (direct): +27 11 459 5037

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