NORDIC RESOURCES LTD — Share Issue/Capital Change 2022

Aug 31, 2022

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Announcement Summary

Entity name

NORDIC NICKEL LIMITED

Date of this announcement

Thursday September 01, 2022

The +securities the subject of this notification are:

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+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

Total number of +securities to be issued/transferred

		Total number of
ASX +security		+securities to be
code	Security description	issued/transferred	Issue date
NNLAL	OPTION EXPIRING 31-MAY-2026 EX $0.30	200,000	01/09/2022
NNLAM	OPTION EXPIRING 31-MAY-2026 EX $0.40	200,000	01/09/2022

Refer to next page for full details of the announcement

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Part 1 - Entity and announcement details

1.1 Name of entity

NORDIC NICKEL LIMITED

We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities.

1.2 Registered number type

ACN

Registration number

647455105

1.3 ASX issuer code

NNL

1.4 The announcement is

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New announcement

1.5 Date of this announcement

1/9/2022

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

Part 2 - Issue details

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2.1 The +securities the subject of this notification are:

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+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

2.2a This notification is given in relation to an issue of +securities in a class which is not quoted on ASX and which:

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has an existing ASX security code ("existing class")

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Part 3B - number and type of +securities the subject of this notification (existing class) where issue has not previously been notified to ASX in an Appendix 3B

ASX +security code and description

NNLAL : OPTION EXPIRING 31-MAY-2026 EX $0.30

Date the +securities the subject of this notification were issued

1/9/2022

Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class Yes

Were any of the +securities issued to +key management personnel (KMP) or an +associate? No

Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the terms https://www.asx.com.au/asxpdf/20220530/pdf/459g5py6thbxtg.pdf

Any other information the entity wishes to provide about the +securities the subject of this notification

The options will vest 12 months from the date of issue.

Issue details

Number of +securities

200,000

ASX +security code and description

NNLAM : OPTION EXPIRING 31-MAY-2026 EX $0.40

Date the +securities the subject of this notification were issued

1/9/2022

Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class

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Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Yes

Were any of the +securities issued to +key management personnel (KMP) or an +associate? No

Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the terms https://www.asx.com.au/asxpdf/20220530/pdf/459g5py6thbxtg.pdf

Any other information the entity wishes to provide about the +securities the subject of this notification The options will vest 24 months from the date of issue.

Issue details

Number of +securities 200,000

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Part 4 - +Securities on issue

Following the issue, conversion or payment up of the +securities the subject of this application, the +securities of the entity will comprise:

(A discrepancy in these figures compared to your own may be due to a matter of timing if there is more than one application for quotation/issuance currently with ASX for processing.)

4.1 Quoted +Securities (Total number of each +class of +securities quoted)

	Total number of
ASX +security code and description	+securities on issue
NNL : ORDINARY FULLY PAID	58,406,670
4.2 Unquoted +Securities (Total number of each +class of +securities issued but not quoted on ASX)
	Total number of
ASX +security code and description	+securities on issue
NNLAL : OPTION EXPIRING 31-MAY-2026 EX $0.30	450,000
NNLAM : OPTION EXPIRING 31-MAY-2026 EX $0.40	450,000
NNLAC : ORDINARY FULLY PAID RESTRICTED	56,765,002
NNLAD : OPTION EXPIRING 01-JUN-2025 RESTRICTED	2,000,000
NNLAE : OPTION EXPIRING 01-JUN-2025 RESTRICTED	2,000,000
NNLAF : OPTION EXPIRING 31-MAY-2026 RESTRICTED	2,750,000
NNLAG : OPTION EXPIRING 23-MAY-2027 RESTRICTED	1,000,000
NNLAH : OPTION EXPIRING 23-MAY-2027 RESTRICTED	1,000,000
NNLAI : OPTION EXPIRING 23-MAY-2027 RESTRICTED	1,500,000
NNLAJ : OPTION EXPIRING 23-MAY-2027 RESTRICTED	1,750,000
NNLAK : OPTION EXPIRING 23-MAY-2027 RESTRICTED	1,750,000
NNLAB : ORDINARY FULLY PAID RESTRICTED	53,334

4.2 Unquoted +Securities (Total number of each +class of +securities issued but not quoted on ASX)

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Part 5 - Other Listing Rule requirements

5.1 Were the +securities issued under an exception in Listing Rule 7.2 and therefore the issue did not need any security holder approval under Listing Rule 7.1? Yes

5.1a Select the number of the applicable exception in Listing Rule 7.2

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