The board of directors of Nordic Mining has resolved that the company shall apply for listing on Oslo Axess. Preparations for application have started.

 

In May 2007 Oslo Stock Exchange will establish Oslo Axess. The regulations for Oslo Axess were resolved by the board of Oslo Stock Exchange 28 February 2007. The terms for listing will be somewhat easier than for the main list, i.a. with regard to company history and market capitalisation.

 

The terms for Oslo Axess imply that it will be an authorised market place. This means that obligations for listed companies set out in laws and regulations (information requirements, accounting and reporting standards according to IFRS, and prospectus regulations) are fully applicable. Also regulations for investors as regards insider trading, flagging, notification duties and regulations for compulsory bids are applicable. Oslo Axess will be a well regulated market place based on high standards and measures for investor protection.

 

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

 

Oslo, 4 March 2007
Nordic Mining ASA