Nordic Mining ASA — Share Issue/Capital Change 2018

Jan 23, 2018

CFO subscribes for shares in the Subsequent Offering

CFO subscribes for shares in the Subsequent Offering

CFO Lars K. Grøndahl has today through his company Magil AS subscribed 50,000

shares in the ongoing Subsequent Offering in Nordic Mining at a price of NOK

3.20 per share. Magil AS has been allocated 43,122 subscription rights and will

receive 43,122 shares in the issue. In addition, Magil AS may be allocated up to

6,878 shares based on the subscription for shares without subscription rights.

Magil AS owns 1,300,000 shares in Nordic Mining prior to the transaction.

Further, Lars K. Grøndahl through Magil AS has been awarded an option to buy

466,666 shares in Nordic Mining at a price of NOK 4.08 per share and an option

to buy 100,000 shares at a price of NOK 8.16 per share. The options may be

exercised until 18 May 2018.

For questions please contact CFO Lars K. Grøndahl, telephone +47 901 60 941.

Oslo, 23 January 2018

Nordic Mining ASA