Fitch Affirms Nordgold’s BB Credit Rating with Stable Outlook

London, United Kingdom, 12 February 2019 - Nord Gold SE ("Nordgold" or the "Company"), the internationally diversified gold producer, announces that Fitch Ratings has affirmed the Company’s Long-Term Issuer Default Rating (the “IDR”) at BB’.

The Outlook on the Company’s Long-Term IDR is Stable. The Short-Term IDR was affirmed at 'B'.

In its announcement, Fitch Ratings cites that the rating affirmation reflects Fitch’s view that Nordgold will achieve solid operational and financial performance in 2019-2021 after a challenging 2018. Additional gold volumes from commissioned in H2 2018 Gross mine and the Berezitovy underground mine should increase the Company’s total annual output.

Nordgold
Andrei Naumov
Media Relations Specialist
Tel: +7 495 644 4473
Powerscourt
Peter Ogden Tel: +44 (0) 20 7250 1446


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