Mandatory notification of trade

VP Commercial Ottar Nakken has today transferred 475,000 shares in Nordic Mining to the family-owned company Femti 5 B AS. Nakken owns 65% of the shares in Femti 5 B AS, and the remaining 35% are owned by closely related persons. The agreed price per share transferred is NOK 0.90.

Subsequent to the share transfer, Femti 5 B AS owns 475,000 shares in Nordic Mining. Femti 5 B AS holds no options or other rights to shares in Nordic Mining.

Ottar Nakken holds 1,065,000 shares in Nordic Mining after the transfer. In addition,　Nakken has option to buy 550,000 shares in Nordic Mining at a subscription price of NOK 1.05 per share. The options are valid to 12 June 2014.

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


Oslo, 27 August 2012
Nordic Mining ASA