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Cancellation of Treasury Shares and Decrease of Sh...

Cancellation of Treasury Shares and Decrease of Share Capital

Amsterdam, Netherlands, December 16, 2015 - Nord Gold N.V. (“Nordgold” or the “Company”, LSE: NORD), the internationally diversified low-cost gold producer, announces that a total of 385,848 GDRs, which were purchased in accordance with the share buyback programme on October 26 – December 10, 2015, have been withdrawn from the GDR programme and the treasury shares representing such GDRs subsequently cancelled on December 16, 2015.

Following this transaction, the Company’s entire issued share capital as at December 16, 2015 consists of 370,821,439 ordinary shares.

Following the decrease in the issued share capital of Nordgold, the Company has registered an increase of indirect majority shareholder and non-executive director of the Company Mr. Mordashov’s interest in the Company’s share capital to 90.63% from 90.53%. The Company’s freefloat has decreased to 9.36% from 9.45%.

On February 24, 2015, the Board approved a share and GDR buyback programme for up to 19,000,000 shares/GDRs to a maximum total amount of US$30 million at a price of up to US$4 per share/GDR. The buyback programme will end as soon as the aggregate purchase price of the shares/GDRs acquired by the Company has reached the amount of US$30 million or ultimately, by 31 December 2015.

In November 2015, the Board approved new GDR buyback programme for up to 5,000,000 GDRs to a maximum total amount of US$15 million at a price of up to US$5.0 per GDR. The buyback programme will start as soon as 2014 buyback programme is over and will end as soon as the aggregate purchase price of GDRs acquired by the Company has reached the amount of US$15 million or ultimately, by 17 November 2016.

About Nordgold

Nordgold (LSE: NORD) is an internationally diversified low-cost gold producer, established in 2007 and publicly traded on the London Stock Exchange. The Company has expanded rapidly through carefully targeted acquisitions and organic growth, achieving a rate of growth unmatched in the industry during that period. In 2015, Nordgold produced 950 koz of gold. The Company operates 9 mines and has 2 development projects, 4 advanced exploration projects and a diverse portfolio of early-stage exploration projects and licenses in Burkina Faso, Guinea, Russia, Kazakhstan, French Guiana and Canada. Nordgold employs more than 8,000 people.