Subsequent offering in Nordic Mining ASA

The extraordinary general meeting resolved on 1 March 2010 a subsequent offering of up to 10,000,000 new shares that can be subscribed by the shareholders that owned shares in the company on 4 February 2010 and who were not invited to participate in the placement that was completed 5 February 2010.

Non tradable subscription rights are issued. 8.0035409 owned shares at 4 February 2010 gives 1 subscription right. 1 subscription right gives the right to subscribe 1 new share in the subsequent offering. Subscription in excess of allocated subscription rights (oversubscription) is allowed.

The subscription price is NOK 1.00 per share.

The subscription period shall be from 8 March 2010 to and including 22 March 2010 at 17:30 CET.

The prospectus will be published on the company's home page on the internet, www.nordicmining.com, and Carnegie ASA's home page on the internet, www.carnegie.no. The prospectus is also available at the office of the company and at the address of the Manager:

Carnegie ASA

Stranden 1, Aker Brygge

N-0106 Oslo, Norway

Subscription rights that are not exercised and used for subscription of new shares prior to the expiry of the subscription period will be of no value.

For further enquiries please contact CFO Lars K. Grøndahl on telephone +47 90 16 09 41.

Oslo, 5 March 2010

Nordic Mining ASA