Reference is made to press release 30 May 2008 regarding the successfully completed issue of new shares in Nordic Mining ASA. Board member Dag Dvergsten, through his company Dag Dvergsten AS, and CFO Lars K. Grøndahl have been allocated new shares as follows in the share issue:

 

Dag Dvergsten (board member): 3,367,000 shares.

Prior to the allotment Dvergsten with controlled companies had 5,368,655 shares in Nordic Mining. Dag Dvergsten's new shareholding is 8,735,655 shares which is 10.06% of the total number of shares in Nordic Mining after the share issue. In addition, Dag Dvergsten through Dag Dvergsten AS has an option to buy 2,500,000 shares at a price of NOK 2.625 per share.

 

Lars K. Grøndahl (CFO): 267,000 shares.

Prior to the allotment Grøndahl had 1,600,000 shares in Nordic Mining. Grøndahl's new shareholding is 1,867,000 shares. In addition, Grøndahl has an option to buy 275,000 shares at a price of NOK 2.625 per share.

 

 

Oslo, 30 May 2008

Nordic Mining ASA