Cancellation of Treasury Shares and Decrease of Share Capital

Amsterdam, Netherlands, April 8, 2016 - Nord Gold N.V. (“Nordgold” or the “Company”, LSE: NORD), the internationally diversified low-cost gold producer, announces that a total of 425,210 GDRs, which were purchased in accordance with the share buyback programmes on 11 December 2015 – 24 February 2016, have been withdrawn from the GDR programme and the treasury shares representing such GDRs subsequently cancelled on April 7, 2016.

Following this transaction, the Company’s entire issued share capital as at April 7, 2016 consists of 370,396,229 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 90.73% from 90.63%. The Company’s freefloat has decreased to 9.25% from 9.36%.

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$4.0 per share/GDR. 2015 buyback programme ended on December 31, 2015.

On November 17, 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 share/GDR. The buyback programme 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 November 17, 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. Nordgold has a proven track record of operational excellence and benefits from a significant international development pipeline. The company is relentlessly focused on shareholder value, committed to running safe, efficient, profitable operations, which enable it to generate strong cash flows and in turn, continue to invest in its pipeline of new growth opportunities while generating returns for investors. In 2015, Nordgold produced 950 thousand ounces of gold with all-in sustaining costs of US$793 per ounce, maintaining its position at the lower end of the global cost curve.

Nordgold operates 9 mines (5 in Russia, 2 in Burkina Faso and one each in Guinea and Kazakhstan). It has 2 active development projects (Bouly in Burkina Faso and Gross in Russia), 4 advanced exploration projects and a diverse portfolio of early-stage exploration projects and licences in Burkina Faso, Russia, French Guiana and Canada. Nordgold employs over 8,000 people.

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For further information, please contact:

Nordgold
Valentina Bogomolova
Head of IR
Tel: +7 (495) 644 4473
Olga Ulyeva
Head of Media Relations
Tel: +7 (495) 644 4473
Powerscourt
Ian Middleton
Giles Read
Tessa Berry
Tel: +44 (0) 20 7250 1446
Press release
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CONTACTS

tel.+7 495 644 44 73

Irina Dormidontova

RECRUITMENT MANAGER
tel.+7 495 644 44 73

tel.+7 495 644 4473