Key information relating to the subsequent offering to be carried out by Nordic Mining ASA

16 Jan 2026 03:24 CET

Reference is made to the stock exchange announcement by Nordic Mining ASA (the
"Company") today regarding a successfully placed private placement of new shares
in the Company raising approximately NOK 200 million in gross proceeds by
issuing 16,666,666 new shares, each at a subscription price of NOK 12.00 per
share (the "Subscription Price") (the "Private Placement") and a contemplated
subsequent offering of up to 10,833,333 new shares in the Company at the
Subscription Price in the Private Placement, raising gross proceeds of up to
approximately NOK 130 million (the "Subsequent Offering").

The Subsequent Offering will be directed towards existing shareholders in the
Company as of 15 January 2026 (as registered in the VPS two trading days
thereafter), who (i) were not included in the pre-sounding phase of the Private
Placement, (ii) were not allocated shares in the Private Placement, and (iii)
are not resident in a jurisdiction where such offering would be unlawful or,
would (in jurisdictions other than Norway) require any prospectus, filing,
registration or similar action (jointly, the "Eligible Shareholders").  Eligible
Shareholders are expected to receive non-transferable subscription rights.

Please see the key information below pertaining to the Subsequent Offering:

Date on which the terms and conditions of the Subsequent Offering were
announced: 16 January 2026

Last day including right: 15 January 2026

Ex-date: 16 January 2026

Record date: 19 January 2026

Date of approval: 15 January 2026

Maximum number of new shares: 10,833,333

Subscription price: NOK 12.00

Other information:

Each Eligible Shareholder will be allocated, on a pro rata basis, non
-transferable subscription rights (the "Subscription Rights") based on the
number of shares registered in their name as of the Record Date. The number of
Subscription Rights granted to each Eligible Shareholder will be rounded down to
the nearest whole Subscription Right. The Subscription Rights will not be
listed. The Subsequent Offering is subject to (i) the completion of the Private
Placement, (ii) the necessary corporate approvals, including the EGM resolving
to issue new shares or authorizing the board of directors to issue new shares in
the Subsequent Offering, and the board of directors subsequently resolving to
issue new shares in the Subsequent Offering, (iii) the publication of a
prospectus pertaining to the Subsequent Offering, and (iv) the prevailing market
price of the Company's shares following the Private Placement. The Company may,
in consultation with the Managers (as defined below), decide that the Subsequent
Offering will not be carried out if the Company's shares trade at or below the
subscription price in the Subsequent Offering at sufficient volumes.

Clarksons Securities AS and Pareto Securities AS are acting as managers in the
Private Placement.

This information is published in accordance with the requirements of the rules
of Euronext Oslo Børs.

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