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FCR - Ferrum Crescent Limited - Receipt of ASX waiver Ferrum Crescent Limited (Previously Washington Resources 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: AU000000FCR2 ("Ferrum Crescent" or "the Company") RECEIPT OF ASX WAIVER Ferrum Crescent Limited (the "Company") (ASX: FCR, AIM: FCR, JSE: FCR) will shortly be releasing a notice of meeting seeking shareholder approval in respect of both: (a) an issue of shares to Mkhombi AmaMato (Pty) Ltd ("AmaMato") (in exchange for shares held by AmaMato in the Company`s project holding subsidiary) pursuant to a series of agreements entered into and announced to ASX in late 2010 ("Agreements"); and (b) the adoption and issue of shares under a director and senior manager fee and remuneration sacrifice share plan (in lieu of cash fees that would otherwise be paid). The Company has received waivers from ASX in respect of both (a) and (b) above. Details of the waivers will be set out in the notice of meeting. In respect of (a) above, the Company has obtained a waiver of listing rule 7.3.2 allowing it to issue 55,236,144 fully paid ordinary shares to AmaMato more than 3 months after the date of the meeting. This waiver has been granted on condition that: (a) the notice of meeting states that the shares will be issued upon satisfaction of the conditions precedent to the Agreements and in any event no later than 30 November 2012; and (b) the Company releases the terms of this waiver to the market immediately. As stated above, the notice of meeting will be released to the market shortly. For more information, please visit www.ferrumcrescent.com or contact: Australia and Company enquiries: Ferrum Crescent Limited Ed Nealon T: +61 8 9380 9653 Executive Chairman Robert Hair -T: + 61 414 926 302 Managing Director UK enquiries: Ocean Equities Limited (Broker) Guy Wilkes T: +44 (0)20 7786 4370 RFC Ambrian Limited (Nominated Adviser) Richard Morrison T: +44 (0) 20 7634 4700 Jen Boorer T: +44 (0) 20 7634 4700 Newgate Threadneedle (Financial PR) Graham Herring /Beth Harris T: +44(0)20 7653 9850 South African enquiries: Sasfin Capital Leonard Eiser T+27 11 809 7500 Johannesburg 20 June 2012 Sponsor Sasfin Capital (a division of Sasfin Bank Limited) Date: 20/06/2012 10:00:01 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.
