Shareholding update 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 Australian ISIN: AU000000WRL8 South African ISIN: AU000000FCR2 9 March 2018 Ferrum Crescent Limited (“FCR”, the “Company” or the “Group”)(ASX, AIM, JSE: FCR) TR-1: Standard form for notification of major holdings NOTIFICATION OF MAJOR HOLDINGS 1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are at- Ferrum Crescent Limited tachedii: 1b. Please indicate if the issuer is a non-UK issuer (please mark with an “X” if appropriate) Non-UK issuer 2. Reason for the notification (please mark the appropriate box or boxes with an “X”) An acquisition or disposal of voting rights X An acquisition or disposal of financial instruments An event changing the breakdown of voting rights Other (please specify): 3. Details of person subject to the notification obligationiv Name Mr. & Mrs G Williams City and country of registered office (if applicable) 4. Full name of shareholder(s) (if different from 3.) Name 1 City and country of registered office (if applicable) 5. Date on which the threshold was crossed or 08/03/2018 reached: 6. Date on which issuer notified (DD/MM/YYYY): 08/03/2018 7. Total positions of person(s) subject to the notification obligation % of voting rights % of voting rights at- Total number of through financial instru- Total of both in % tached to shares (to- voting rights of is- ments (8.A + 8.B) tal of 8. A) suervii (total of 8.B 1 + 8.B 2) Resulting situation on the date on which threshold was 2.99% 0.0% 2.99% 3,055,281,439 crossed or reached Position of previous notification (if 3.25% 0.0% 3.25% applicable) 8. Notified details of the resulting situation on the date on which the threshold was crossed or reached A: Voting rights attached to shares Class/type of Number of voting rights % of voting rights shares ISIN code (if possible) Direct Indirect Direct Indirect (Art 9 of Directive (Art 10 of Directive (Art 9 of Directive (Art 10 of Directive 2004/109/EC) (DTR5.1) 2004/109/EC) 2004/109/EC) (DTR5.1) 2004/109/EC) (DTR5.2.1) (DTR5.2.1) AU000000FCR2 91,658,000 0 2.99% 2.99% SUBTOTAL 8. A 91,658,000 2.99% B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a)) Number of voting rights Type of financial in- Expiration Exercise/ that may be acquired if % of voting rights strument date Conversion Period the instrument is exercised/converted. 2 SUBTOTAL 8. B 1 B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b)) Exercise/ Physical or Type of financial Expiration Number of Conversion Pe- cash % of voting rights instrument date voting rights riod xi settlement SUBTOTAL 8.B.2 9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an “X”) Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entity (please add additional rows as necessary) % of voting rights % of voting rights if it Total of both if it through financial in- equals or is higher equals or is higher Name struments if it equals than the notifiable than the notifiable or is higher than the threshold threshold notifiable threshold 10. In case of proxy voting, please identify: Name of the proxy holder The number and % of voting rights held 3 The date until which the voting rights will be held 11. Additional information Place of completion United Kingdom Date of completion 08th March 2018 Ferrum Crescent Limited Daniel Smith, Non-Executive Director and Company Secretary (Australia) T: +61 8 9486 4036 Laurence Read, Executive Director (UK) T: + 44 (0)20 3289 9923 Strand Hanson Limited (Nominated Adviser) Rory Murphy / Matthew Chandler T: +44 (0)20 7409 3494 Peterhouse Corporate Finance Limited (Broker) Lucy Williams / Duncan Vasey / Heena Karani T: +44 (0)20 7469 0930 Bravura Capital (Pty) Ltd (JSE Sponsor) Melanie De Nysschen T (direct): +27 11 459 5052 4 Date: 09/03/2018 01:18:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 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