Reference is made to today's press release regarding the closing of the subsequent offering of new shares in Nordic Mining ASA. CEO Ivar S. Fossum and VP Commercial Ottar Nakken have been allocated new shares as follows in the share issue:

 

Ivar S. Fossum has been allocated 90,000 shares at a subscription price of NOK 1.50 per share. Fossum's new shareholding is 502,172 shares.

 

Ottar Nakken has been allocated 20,000 shares at a subscription price of NOK 1.50 per share. Nakken's new shareholding is 765,000 shares.

 

For questions please contact CFO Lars K. Grøndahl on tlf. +47 - 901 60 941

 

Oslo, 11 July 2008