CEO INTRODUCTION

LONDON and EDINBURGH29 June – 1 July 2011

DISCLAIMER

International Ferro Metals Limited and each of itsrespective directors, officers and agents believe thatthe information contained in this presentation is correctand that any estimates, opinions or conclusionscontained in this presentation are reasonably held ormade as at the time of compilation. However, nowarranty is made as to the accuracy or reliability of anyestimates, opinions, conclusions or other informationcontained in this document. International Ferro Metalsand its directors, officers and agents disclaims allliability and responsibility for any direct or indirect lossor damage which may be suffered by any recipientthrough relying on anything contained in or omittedfrom this presentation. This presentation is for theintended recipient. No part of this document may bereproduced without the permission of InternationalFerro Metals Limited.

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CONTENTS Page

New CEO – Chris Jordaan 3Lowering costs 4Furnace roofs 5Sky Chrome 6Co-generation 7UG2 supply agreement 8Summary 9Appendices 10

• Chris Jordaan (Mechanical engineer)

• General Manager of BHP Billiton’s Metalloys division, one of the largest producers of manganese alloys in the world

• Metalloys operates an eight submerged arc furnace ferromanganese and silicomanganese plant including a pelletising plant, metal recovery plant, briquetting plant and electrical power co-generation plant

• Prior to managing Metalloys, Mr Jordaan was General Manager of Kermas’ Tubatse Chrome plant (six submerged arc furnaces ferrochrome plant)

• Chris worked at Samancor Chrome for eight years

NEW CEO – CHRIS JORDAAN

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Fixed costs: Nameplate production volumes to decrease per unit fixed costs by estimated 3.0¢/lb from Sep ‘11

Ore: Ramping up of mining operations to further reduce cost of ore UG2 ore to reduce costs by estimated 3.0¢/lb from Jan ‘12

Reductant: Increased anthracite usage expected to reduce costs by 2.0¢/lb from Sep ‘11

Electricity: Co-generation plant and improved electricity consumption expected to reduce costs by 2.3¢/lb from Sep ‘11

Overheads: Continued focus on reducing overhead expenses

POSITIONING IFL AS A LOW COST PRODUCER

• Project on schedule and within budget of ZAR40m per furnace

• Furnace 1

• Shut down on 1 June, new roof now on site

• Installation to be completed by July, production from beginning of August

• Ramp-up to full production during September

• Furnace 2

• Shut down beginning of July

• Installation of new roof completed end of August, production from beginning of September

• Ramp-up to full production during October

• High level of confidence that furnaces will operateat name plate capacity after upgrades.

An additional 60 million lbs. of chrome content per annum5

FURNACE ROOFS

• Mining license granted November 2010

• 12Mt* of open pit material along MG1, 2, 3 and 4 seams104 Mt* total Resource of which 56Mt is in Reserve category

• Site establishment completed

• Open pit mining operations commenced mid June

• Run-of-mine ore production being stockpiled

• First delivery of ore to plant beginning of July

• Ramp-up production to 100,000tpm

• One hundred new mining jobs for surrounding communities

* Stated on a 100% basis

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SKY CHROME

• Plant completed within budget and commissioning completed

• H2 levels in off gas above specification, should normalise following current furnace roof upgrades

• If high H2 levels after roof upgrades, then engines to be modified for higher H2 content

• Plant currently operating at minimal level

• Expected to generate over 11% of total electricity requirements and reduce electricity cost by 10%

• Clean Development Mechanism (CDM) compliant project, expected to displace c.144,000 tonnes of CO2 equivalent

• Qualifies for Carbon Emissions Reductions (Carbon Credits) with possible annual carbon income of c. EUR1.4 million at current CER pricing

• Security against Eskom-constraints

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CO-GENERATION

• Supply agreement with Anglo Platinum to receive 15,000tpm for approx. 9 years

• Upfront cost fixed at ZAR161m for construction of chrome re-treatment plant

• UG2 supply represents c. 30% of beneficiated ore needs

• Construction by independent engineering contractor and plant owned & operated by Anglo Platinum

• No cost for material other than the cost of transportation (50km) and regulatory charges

• Effective cost per tonne significantly below in-house mining cost

• 15,000tpm expected from January 2012

• Project expected to be funded by 5-year term loan facility

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UG2 SUPPLY AGREEMENT

• Production team enhanced

• Furnace refurbishment on time and on budget

• Additional 60 million lbs of Cr production per annum

• Sky Chrome mining underway

• Sky Chrome stockpile to be trucked from next week

• Co-generation plant commissioned on budget

• 10% of electricity to be generated from off-gases at minimal cost after carbon offsets

• UG2 supply of approx,1,600,000 tonnes at no cost (other than transport)- representing c. 30% of beneficiated ore requirements from January ‘12

• Full production and financial presentation scheduled for 19th September

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SUMMARY

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RESOURCES & RESERVES (as at 30 June 2010)

MINERAL RESERVES * Lesedi Sky Cr Total MINERAL RESOURCES * Lesedi Sky Cr Total

kt kt kt kt kt kt

PROVED MEASUREDMG0 - 146 146 MG0 - 124 124

MG1 6,205 461 6,666 MG1 6,095 1,331 7,426

MG2 7,773 738 8,511 MG2 7,627 1,652 9,279

MG3 - 272 272 MG3 - 216 216

MG4 - 1,072 1,072 MG4 - 951 951

PROBABLE INDICATEDMG0 - 771 771 MG0 - 656 656

MG1 2,048 22,973 25,021 MG1 1,950 33,411 35,361

MG2 2,177 22,725 24,902 MG2 2,073 43,576 45,649

MG3 - 1,499 1,499 MG3 - 1,191 1,191

MG4 - 5,631 5,631 MG4 - 4,991 4,991

PROVED & PROBABLE RESERVES 18,203 56,288 74,491

MEASURED & INDICATED RESOURCES 17,745 87,975 105,844

INFERREDMG1 2,747 7,296 10,043

MG2 2,866 9,482 12,348

INFERRED RESOURCES 5,613 16,778 22,391

* stated on a gross basis (100% basis) TOTAL RESOURCES 23,358 104,753 128,235

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PRODUCTION COSTS – FY2011H1

(Co-gen & furnace roof upgrades estimated 2.3¢ saving from Oct 2011)

(UG2 estimated 3.0¢ saving from Jan 2012)

(Nameplate production volume estimated 3.0¢ reduction from Oct 2011

FY2010 production cost was 83¢/lb atan exchange rate of R7.54/$ whichequates to 88¢/lb at R7.10/$.

(Higher anthracite usage estimated 2.0¢ saving from Sep 2011