Nordic Mining ASA — Capital/Financing Update 2017

Dec 15, 2017

Key information relating to subsequent offering to be carried out by Nordic Mining ASA

Key information relating to subsequent offering to be carried out by Nordic Mining ASA

Reference is made to stock exchange notice 14 December 2017 regarding private

placement of NOK 50 million and subsequent offering at the same subscription

price in Nordic Mining ASA. The Board of Directors proposes that the

extraordinary general meeting to be held on 8 January 2018 resolves a subsequent

offering with the key details as set out below.

Date on which terms and conditions of the contemplated subsequent offering was

announced: 14 December 2017

Last day including right: 14 December 2017

Ex-date: 15 December 2017

Date of approval: 8 January 2018

Maximum number of new shares: 3,000,000

Subscription price: NOK 3.20

Other information: The subsequent offering is conditioned on the extraordinary

general meeting's approval and publication of a prospectus approved by the

Norwegian Supervisory Authority.

This information is published in accordance with the requirements of the

Continuing Obligations.