Fortescue Announces Termination With Respect To Its Invitations To Tender For Sale In Exchange For Cash Certain Of Its Debt Securities

PERTH, Australia, March 18, 2015 /PRNewswire/ --

Dear Sir

FMG Resources (August 2006) Pty Ltd (the "Company"), a direct wholly-owned subsidiary of Fortescue Metals Group Ltd ("Fortescue") (ASX: FMG), announced today that it has terminated its previously announced invitations to tender for sale in exchange for cash (i) any and all of the Company's 6.000% Senior Notes due 2017 (the "2017 Notes"), (ii) any and all of its 6.875% Senior Notes due 2018 (the "2018 Notes") and (iii) its 8.25% Senior Notes due 2019 (the "2019 Notes" and, together with the 2017 Notes and the 2018 Notes, the "Notes") for an aggregate purchase price (not including accrued interest) of up to US$700,000,000.

As a result of the termination, none of the Notes that have been tendered in the tender offers will be accepted for purchase and no consideration will be paid or become payable to holders of Notes who have tendered their Notes in the tender offers. All Notes previously tendered and not validly withdrawn will be promptly returned or credited back to their respective holders. 

This news release confirms the formal termination of the Company's tender offers.  The Company reserves the right to initiate a new tender offer at a later date, but it is under no obligation to do so.  Holders of Notes with questions regarding the termination of the tender offers may direct such questions to Ipreo LLC by telephone at (888) 593-9546 (toll-free) or (212) 849-3800 or by email at [email protected].

This news release does not constitute an offer to purchase securities or a solicitation of an offer to sell any securities or an offer to sell or the solicitation of an offer to purchase any securities, nor does it constitute an offer or solicitation in any jurisdiction in which such offer or solicitation is unlawful.

Yours sincerely
Fortescue Metals Group Ltd

Ian Wells
Company Secretary

The Companies Officer
Australian Securities Exchange Ltd
2 The Esplanade
Perth WA 6000

SOURCE Fortescue Metals Group Ltd

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