FERRUM CRESCENT LIMITED - Update re PMI Funding Arrangement

Update re PMI Funding Arrangement

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: AU000000WRL8


22 July 2015

                                    Ferrum Crescent Limited
        ("Ferrum Crescent", the "Company" or the "Group")(ASX: FCR, AIM: FCR, JSE: FCR)

                              Update re PMI Funding Arrangements

Ferrum Crescent, the ASX, AIM and JSE quoted iron ore developer announces a further update in
respect of the first funding payment due under the BFS financing agreement with Principle Monarchy
Investments (Proprietary) Ltd (“PMI”) for the development of its Moonlight Iron Project in Limpopo
Province, South Africa (the “Project”).

Further to a meeting with PMI and its funding partners on Tuesday 21 July 2015 in Johannesburg, the
Company understands that PMI has concluded a financing agreement which will enable it to fulfil all of
its stated immediate commitments under the BFS financing agreement for the advancement of the
Project.

An investing group have initially allocated funds to PMI in order to enable it to work with Ferrum
Crescent over a 12 month period. However, the first R2m payment required to be made by PMI under
the terms of the memorandum of understanding signed on 5 May 2015 has yet to be received by
Ferrum Crescent and the Company awaits access to funding from PMI to advance work on the BFS.
Operationally, a significant development for the Company is that Hatch Goba has formally agreed to
be engaged as the lead study consultant. Once the first R2m payment has been secured from PMI, a
further update will be provided including details of Hatch Goba’s work plan.

The Board remains confident that it will conclude all financial arrangements with PMI in the coming
weeks and further updates will be provided in due course as appropriate.


For further information on the Company, please visit www.ferrumcrescent.com or contact:

 Australia enquiries:                          UK enquiries:
 Ferrum Crescent Limited                       Ferrum Crescent Limited
 Tom Revy T: +61 8 9474 2995                   Laurence Read (UK representative)
 Managing Director                             T: +44 7557672432
                                               Strand Hanson Limited (Nominated Adviser)
                                               Rory Murphy/Matthew Chandler
                                               T: +44 20 7409 3494
                                               Beaufort Securities (Broker)
                                               Elliot Hance
                                               +44 20 7382 8416

 South Africa enquiries:                       Bravura Capital (Pty) Ltd (JSE Sponsor)
                                               Doné Hattingh
                                               T (direct): +27 11 459 5037

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