Private placement of 48 Million fully paid ordinary shares 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: AU000000FCR2 ("Ferrum Crescent", the "Company" or the "Group") CLEANSING NOTICE – NOTICE UNDER PARAGRAPH 708A(5)(E) OF THE CORPORATIONS ACT 2001 This notice is given by Ferrum Crescent Limited under paragraph 708A(5)(e) of the Corporations Act 2001 (Cth) (Act). On 2 October 2013 Ferrum Crescent announced a private placement of 48 million fully paid ordinary shares in Ferrum Crescent (New Shares) in two tranches at a price of GBP 0.0182 (AU$0.0315) per share to raise up to GBP 873,000 (AU$1.5 million) before the costs of the issue (Placement). Ferrum Crescent advises that: (a) the first tranche of 44,613,156 New Shares has been issued without disclosure to investors under Part 6D.2 of the Act; (b) this notice is being given under paragraph 708A(5)(e) of the Act; (c) as at the date of this notice, Ferrum Crescent has complied with: (i) the provisions of Chapter 2M of the Act as they apply to Ferrum Crescent; and ( i i ) section 674 of the Act; and (d) as at the date of this notice, there is no excluded information of the type referred to in sections 708A(7) and 708A(8) of the Act that is required to be set out in this notice. 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 Bob 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) Sarah Wharry T: +44 (0) 20 3440 6800 Jen Boorer T: +44 (0) 20 3440 6800 Ferrum Crescent Limited Laurence Read (UK representative) T: +44 7557672432 South Africa enquiries: Sasfin Capital Leonard Eiser T+27 11 809 7500 9 October 2013 Johannesburg 2013 Sponsor Sasfin Capital T: 9 October 2013 Date: 09/10/2013 08:00:00 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.