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Regulatory press release

Nordic Mining ASA: Disclosure of change in large shareholdings

Nordic Mining
Entreprenørservice AS has today 7 December 2023 sold its 109,694,899 shares in
Nordic Mining ASA, representing 5,1% of the outstanding shares. Following the
sale, Entreprenørservice AS hold no shares in Nordic Mining ASA. The
consideration will be used to de-leverage the contractor company, due to the
market condition in the domestic construction sector.

Entreprenørservice AS and related parties own 45% of Fjordavegen Holding AS, who
holds 324,369,792 shares in Nordic Mining ASA representing 14.96% ownership.
Fjordavegen Holding is a long term strategic shareholder in NOM.

Fjordavegen Holding AS has entered into a 180 days lock-up agreement.
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