Substantial shareholder notice - 10% threshold cross 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") SUBSTANTIAL SHAREHOLDER NOTICE Ferrum Crescent, the ASX, AIM and JSE quoted iron ore developer, today announces that it has received a substantial shareholder’s notice from Alan Gordon Jenks. The notice is dated 10 February 2014 and states that the shareholder has acquired shares and on that date crossed the threshold of 10%. The shareholding has increased from 34,842,984 to 39,129,911 and thereby reached 10.28% of the voting rights of the Company. 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 /Stuart Laing 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 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi 1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are Ferrum Crescent Ltd attached: ii 2 Reason for the notification (please tick the appropriate box or boxes): An acquisition or disposal of voting rights ? An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments An event changing the breakdown of voting rights Other (please specify): 3. Full name of person(s) subject to the ALAN GORDON JENKS notification obligation: iii 4. Full name of shareholder(s) (if different from 3.):iv 5. Date of the transaction and date on which the threshold is crossed or 10th February 2014 reached: v 6. Date on which issuer notified: 11th February 2014 7. Threshold(s) that is/are crossed or 10.28% reached: vi, vii 8. Notified details: A: Voting rights attached to shares viii, ix Class/type of Situation previous Resulting situation after the triggering transaction shares to the triggering transaction if possible using Number Number Number Number of voting % of voting rights x the ISIN CODE of of of shares rights Shares Voting Direct xii Indir Direct xi Indirect Direct Rights ect 10.2 34,842,984 9.23% 39,129,911 8% B: Qualifying Financial Instruments Resulting situation after the triggering transaction Type of financial Expiration Exercise/ Number of voting % of voting xiii xiv instrument date Conversion Period rights that may be rights acquired if the instrument is exercised/ converted. C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi Resulting situation after the triggering transaction Type of financial Exercise Expiration Exercise/ Number of voting rights % of voting xvii xix, xx instrument price date Conversion instrument refers to rights xviii period De Nominal lta Total (A+B+C) Number of voting rights Percentage of voting rights 39,129,911 10.28% 9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi Proxy Voting: 10. Name of the proxy holder: 11. Number of voting rights proxy holder will cease to hold: 12. Date on which proxy holder will cease to hold voting rights: 13. Additional information: 14. Contact name: ALAN GORDON JENKS 15. Contact telephone number: 0044 1902 324258 Note: Annex should only be submitted to the FCA not the issuer Annex: Notification of major interests in sharesxxii A: Identity of the persons or legal entity subject to the notification obligation Full name (including legal form of legal entities) ALAN GORDON JENKS Contact address (registered office for legal entities) 17 RICHMOND GARDENS ,WOMBOURNE ,WOLVERHAMPTON. WV5 0LQ. Phone number & email 0044 7816564282 alspalladium@hotmail.com Other useful information (at least legal representative for legal persons) B: Identity of the notifier, if applicable Full name Contact address Phone number & email Other useful information (e.g. functional relationship with the person or legal entity subject to the notification obligation) C: Additional information 11 February 2014 Johannesburg Sponsor Sasfin Capital (a division of Sasfin Bank Limited) Date: 11/02/2014 03:00:00 Produced by the JSE SENS Department. 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