Ordinary shares GG00BGDYDZ69 (GG_FERR) of Ferro-Alloy Resources Limited removed from KASE Official List as of January 23 upon issuer’s request

/KASE, January 23, 2020/ – The Listing Commission of the Kazakhstan Stock Exchange (KASE) made a decision on January 22, 2020 to remove ordinary shares GG00BGDYDZ69 (KASE alternative market, sector "shares", GG_FERR) of Ferro-Alloy Resources Limited (Guernsey) from KASE Official List. This decision of the Listing Commission comes into effect on January 23, 2020. The KASE conclusion report dated January 15, 2020 says that KASE received the following documents from the company: - application of the company dated December 27, 2019 on voluntary delisting of these shares; - the letter from the company dated January 9, 2020 with an excerpt from The Companies (Guernsey) Law 2008 stating that it is the responsibility of the Board of Directors to decide on the delisting of the company's securities; - an extract from the minutes of the Board of Directors dated September 26, 2019, where the decision on voluntary delisting of these shares was made. Based on the above and in accordance with sub-item 1) of item 1 of Chapter 3 of Appendix 2.2 to KASE's internal document "Listing Rules", these shares were delisted. These shares were included in the "shares" sector KASE Official List's alternative market as of June 26, 2017. Trades in them were opened as of September 26, 2017. [2020-01-23]