issue of shares for cash in terms of a salary sacrifice plan 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") ISSUE OF SHARES Ferrum Crescent announces that the Company has today issued 4,401,392 ordinary shares to Messrs Scott Huntly and Andrew Nealon under the terms and conditions of the Ferrum Crescent Director and Senior Management Fee and Remuneration Sacrifice Share Plan (the “Plan”). The shares have been issued to Mr Huntly in lieu of his salary for the period from 1 July 2013 to 31 October 2013 and for Mr Nealon (via his nominee) for the period from 1 December 2012 to 31 October 2013 at an average weighted average price for the last 5 days prior to each month end. On 8th August 2012, the Company’s shareholders approved the Plan under which Directors and Senior Managers of the Company who are eligible to be offered shares without prospectus disclosure may elect to sacrifice part or all of their directors’ fees or executive remuneration to acquire shares in the Company. The purpose of the Plan is to help align the interests of Directors and Senior Managers with those of shareholders by encouraging Director and Senior Manager share ownership and (where such shares are newly issued) preserve cash in the Company. Further detail on the Plan may be found in the Company’s Notice of General Meeting of Shareholders dated 29 June 2012. A breakdown of each Company officer’s share issue is provided below: Name No. of Average Total % of Shares Price Shareholding Enlarged Issued Post Issue Issued Share Capital Scott 1,267,065 AUD$0.01693 6,723,087 1.78 Huntly Andrew 3,134,327 AUD$0.01755 4,166,460 1.10 Nealon Accordingly, application has been made for 4,401,392 Ferrum Crescent shares to be admitted to trading on the Australian Securities Exchange Limited, the AIM market of the London Stock Exchange and on the JSE Limited. Admission is expected to become effective at 09:00am (Australian Eastern Daylight Savings time), 8:00am (UK time) and 09:00am (SA time) on 21 November 2013. Following admission the Company will have 377,215,933 fully paid ordinary shares in issue. Additionally, the Company has today granted 250,000 options each to Mrs Beverley Gardner, Financial Controller and Mr Dave Richards, Compliance Manager. The Options have been granted under the terms and conditions of the Ferrum Crescent Ltd Employee Option Plan. The Options will be unquoted, granted for no consideration but will be exercisable at AUD$0.03 on or before 21st November 2016. 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 21 November 2013 Johannesburg Sponsor Sasfin Capital (a division of Sasfin Bank Limited) Date: 21/11/2013 09:00:00 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.