Axactor SE

M&A Activity • Jun 19, 2014

NMG: Sale of subsidiary for 2 million SEK improves group liquidity

NMG: Sale of subsidiary for 2 million SEK improves group liquidity

Nickel Mountain Group is in the process of simplifying its group

structure. Earlier this month the African assets were shifted out to

shareholders via a dividend of subsidiary African Diamond AB. This is

followed up by a sale of 100% owned subsidiary IGE Diamond AB, which now

is essentially empty. The Buyer shall pay a first purchase consideration

of 2 million SEK due by end of this month, and in the future an

additional 2 million SEK may be paid if certain conditions get

fulfilled.

This sale improves the liquidity situation of the group, which will

however require further attraction of external financing in order to

become satisfactory. Such efforts are in progress.

For and on behalf of the Board of Directors of Nickel Mountain Group AB

Torbjorn Ranta

Managing Director

For information, please contact:

Torbjorn Ranta

Managing Director

Tel: +46 8 402 28 00

Mobile: +46 708 855504

E-mail: torbjorn.ranta@nickelmountain.se

Or contact:

Erlend Dunér Henriksen

Deputy board member

Mobile: +47 920 18 950

E-mail: erlend@henriksen.as

Nickel Mountain Group AB (publ) is a Swedish company headquartered in

Stockholm. The Company's shares are listed on the Oslo Stock Exchange

(ticker: NMG). Please refer to www.nickelmountain.se for more detailed

information.

Cautionary Statement: Statements and assumptions made in this document

with respect to Nickel Mountain Group AB's ("NMG") current plans,

estimates, strategies and beliefs, and other statements that are not

historical facts, are forward-looking statements about the future

performance of NMG. Forward-looking statements include, but are not

limited to, those using words such as "may", "might", "seeks",

"expects", "anticipates", "estimates", "believes", "projects", "plans",

strategy", "forecast" and similar expressions. These statements reflect

management's expectations and assumptions in light of currently

available information. They are subject to a number of risks and

uncertainties, including, but not limited to, (i) changes in the

economic, regulatory and political environments in the countries where

NMG operates; (ii) changes relating to the geological information

available in respect of the various projects undertaken; (iii) NMG's

continued ability to secure enough financing to carry on its operations

as a going concern; (iv) the success of its potential joint ventures and

alliances, if any; (v) metal prices, particularly as regards nickel. In

the light of the many risks and uncertainties surrounding any mineral

project at an early stage of its development, the actual results could

differ materially from those presented and forecast in this document.

NMG assumes no unconditional obligation to immediately update any such

statements and/or forecasts.