Nordic Mining ASA — Capital/Financing Update 2019

Sep 18, 2019

Nordic Mining ASA – Allocation of Subscription Rights

NOT FOR RELEASE, PUBLI CAT ION OR DI ST RI BUT ION, I N WHOLE OR I N PART DI RECT LY OR I NDI RECT LY , I N AUST RALI A, CANADA, JAPAN OR T HE UNI T ED ST AT ES (OR ANY OT HER JURI SDI CT ION I N WHI CH T HE RELEASE, PUBLI CAT ION OR DI ST RI BUT ION WOULD BE UNLAWFUL). T HI S ANNOUNCEMENT DOES NOT CONST I T UT E AN OFFER OF ANY OF T HE SECURI T I ES DESCRI BED HEREI N.

Reference is made to the stock exchange announcement dated 18 September 2019 regarding halt in trading of subscription rights in the ongoing rights issue (the "Rights Issue") in Nordic Mining ASA.

The eligible shareholders have now been allocated subscription rights relative to their pro-rata shareholding.

The period for trading in subscription rights and the subscription period for the Rights Issue will be 18 September – 30 September, and 18 September – 2 October, respectively, as previously stated.

Nordic Mining is listed on Oslo Axess with ticker symbol "NOM".

Oslo, 18 September 2019 Nordic Mining ASA