Ferrexpo plc, a leading iron ore pellet supplier, has announced that a Ukrainian court of appeal has confirmed a claim against its subsidiary, Ferrexpo Poltava Mining (FPM), amounting to UAH4,727 million (approximately US$125 million). The claim is in relation to contested sureties and certain loan agreements. Despite the confirmation by the court of appeal, FPM intends to file an appeal to the Supreme Court in Ukraine, as it believes it has compelling arguments to defend its position. It's important to note that Ferrexpo's operations remain unaffected by this legal development. The company has stated that it will make further announcements as necessary.