Cancellation of Treasury Shares and GDR Buyback Update

Amsterdam, Netherlands, August 28, 2015 - Nord Gold N.V. (“Nordgold” or the “Company”, LSE: NORD), the internationally diversified low-cost gold producer, announces that a total of 1,308,253 GDRs, which were purchased in accordance with the share buyback programme on July 17 – August 21, 2015, have been withdrawn from the GDR programme and the treasury shares representing such GDRs subsequently cancelled on August 28, 2015.

Following this transaction, the Company’s entire issued share capital as at August 28, 2015 consists of 373,141,677 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 90.06% from 89.75%. The Company’s freefloat has decreased to 9.92% from 10.24%.

GDR Buyback Update

Nordgold announces that on August 24 — 28, 2015, in accordance with the share buyback programme announced on February 24 2015, it purchased a total of 317,461 GDRs for the total amount of US$895,195.

The daily transactions are detailed below.

Following the withdrawal from the GDR programme of the shares underlying the GDRs, the Company intends to cancel the shares.

Due to the generally low trading volume in the Company’s GDRs, purchases of the GDRs under the programme on any trading day are likely to represent a significant proportion of the daily trading volume in the GDRs on the LSE.

Since the announcement of the buyback programme Nordgold has purchased a total of 8,174,074 GRDs for the total amount of US$23,233,288. 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.

Daily Transactions

August 24, 2015 131,671 2.8494 375,183
August 25, 2015 50,000 2.7998 139,990
August 26, 2015 50,000 2.7990 139,950
August 27, 2015 50,000 2.7972 139,860
August 28, 2015 35,790 2.8000 100,212

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 2014, Nordgold’s gold production increased to 985 thousand ounces from 924 thousand ounces in 2013. 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 over 8,000 people.

For further information, please contact:


Valentina Bogomolova
Head of IR
Tel: +7 495 644 4473

Olga Ulyeva
Head of Media Relations
Tel: +7 495 644 4473

David Sturken
James Devas
Tel: +44 (0)20 7379 5151


Corporate Communications
Procurement Department