FERRUM CRESCENT LIMITED - Update on AAI payment

Update on AAI payment

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")

US$500,000 FIRST PAYMENT RECEIVED FROM ANVWAR ASIAN INVESTMENT (“AAI “)

 Highlights
    - US$500,000 received from AAI
             o US$500,000 additional payment to be received by 30 April 2014
             o US$28.5M implied valuation of Ferrum Crescent by AAI
    - Payment part of US$10m agreement for 35% of Moonlight Iron Ore Project agreed with
         AAI
    - Bankable feasibility study work program planning underway

Ferrum Crescent, the ASX, AIM and JSE quoted iron ore developer, today announces that it received
the first tranche of US$500,000 from Anvwar Asian Investment as part of the agreement signed to
vest a 35% interest in the subsidiary company holding the Moonlight assets for a total of US$10m.

A further tranche of US$500,000 is to be paid by AAI, to Ferrum Crescent, by 30 April 2014. The
Company will use the funds to progress its bankable feasibility study (“BFS”) at the Moonlight
magnetite iron ore project located in Limpopo Province, South Africa.

Commenting today, Ferrum Crescent Managing Director Tom Revy said: “As funds are being secured
for the Company through the AAI agreement, we are simultaneously planning the next stage of the
Moonlight bankable feasibility study. I look forward to updating the market shortly on the project

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

Tom Revy T: +61 8 9380 9653
Managing Director

UK enquiries:
Pareto Securities Ltd (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



28 March 2014
Johannesburg

Sponsor
Sasfin Capital (a division of Sasfin Bank Limited)

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