25 May 2016

    International Ferro Metals Limited

                               ("IFL" or the "Company")                            

                                  Directorate Change                               

    IFL announces that Chris Jordaan, Chief Executive Officer, will step down and
    become a Non-Executive Director of the Company, with effect from 31 May 2016.
    The business rescue practitioner of the Company's South African subsidiary,
    International Ferro Metals (SA) (Pty) Ltd ("IFMSA"), requires Mr Jordaan to
    oversee the operations of IFMSA and to assist with the implementation of the
    business rescue plan and the transaction documents contemplated therein, in
    order to ensure the successful business rescue of IFMSA. As a result, from the
    1st June, Mr Jordaan will be employed solely by IFMSA on a limited duration
    contract, in order to fulfil the requirements of the business rescue plan. Mr
    Jordaan's notice period and any rights to termination payments have been waived
    and his participation in the Company's long-term incentive scheme will lapse
    with immediate effect. The Company's day-to-day activities are limited, and as
    such, the Board does not intend to appoint a new Chief Executive Officer in the
    short-term.

                                        - ENDS-                                    

    For further information please visit www.ifml.com or contact:

    International Ferro Metals Limited

    Jannie Muller, Finance Director          +27 82 785 1364                         
                                                                                     
    Wayne Kernaghan, Company Secretary       +61 407 233 153                         

    About International Ferro Metals:

    International Ferro Metals produces ferrochrome, the essential ingredient in
    stainless steel, from its integrated chromite mine and ferrochrome processing
    operations in South Africa.  International Ferro Metals is listed on the London
    Stock Exchange under the symbol IFL.

    Forward Looking Statements

    This announcement contains certain forward looking statements which by nature,
    contain risk and uncertainty because they relate to future events and depend on
    circumstances that occur in the future.  There are a number of factors that
    could cause actual results or developments to differ materially from those
    expressed or implied by these forward looking statements.