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| AMENDMENT TO SERVICE AGREEMENT DATED 21 JUNE 2016  |
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| (1) | FERROGLOBE PLC, a company with registered number 09425113, which has its registered office at 5 Fleet Place, London, EC4M 7RD, UK (the Company); and |
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| (2) | JAVIER LÓPEZ MADRID of 30 Eaton Mews North, London, SW1X 8AS (the Executive). |
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| (A) | This amendment (the Amendment Agreement) amends the service agreement dated 21 June 2016 between the Company and the Executive (the Agreement), with effect on and from 1 January 2017. |
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| (B) | The Company desires to continue the employment of the Executive on the terms and conditions set forth in the Agreement, subject to the modifications set forth herein. |
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| (C) | The Executive has agreed to continue to perform the services for the Company pursuant to the Agreement subject to the modifications set forth herein. |
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| (D) | The Executive agrees that nothing in this Amendment Agreement shall constitute a Good Reason (as defined in the Agreement) for which the Executive may resign from his employment with the Company pursuant to clause 17 of the Agreement or otherwise. |
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| 7.1 | This Amendment Agreement and any non-contractual obligations arising out of or in connection with this Amendment Agreement shall be governed by, and interpreted in accordance with, English law. |
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| 7.2 | The English courts shall have exclusive jurisdiction in relation to all disputes arising out of or in connection with this Amendment Agreement. |
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| SIGNED as a DEED and          | )                              |
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| DELIVERED by the              | ) /s/ Javier López Madrid |
| EXECUTIVE in the presence of: | )                              |
| Signature of witness: |
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| SIGNED for and on behalf of | )     |
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| FERROGLOBE PLC:             | ) /s/ |