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Share and GDR Buyback Programme Update

Amsterdam, Netherlands, April 15, 2015 – Nord Gold N.V. (“Nordgold” or the “Company”, LSE: NORD), the internationally diversified low-cost gold producer, announces that it has appointed Morgan Stanley to manage its buyback programme during close periods irrevocably subject to certain parameters.

In accordance with the share buyback programme approved by the Board of Directors on February 24, the Company can purchase up to 19,000,000 shares/GDRs up 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 US$30 million or by 31 December 2015.

In accordance with the conditions of the authorisation granted by the General Meeting of Shareholders of the Company to acquire shares and GDRs on January 30, 2015, a price to be paid is limited to the range between the amount equal to the nominal value of the shares and the higher of: (i) one hundred and five percent (105%) of the average market value of the GDRs listed on the London Stock Exchange during the five business days immediately preceding the date of re-purchase, (ii) the price of the last independent trade of GDRs for shares of the Company listed on the London Stock Exchange, or (iii) the current independent bid for a GDR for a share of the Company listed on the London Stock Exchange.

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

On April 13-14, 2015 Nordgold purchased a total of 224,302 GDRs for a total amount of US$608,133.

The daily transactions are detailed below.

The Company has an entire issued share capital of 380,998,290 shares.

Since the announcement of the buyback programme Nordgold has purchased a total of 2,957,924 GRDs for a total amount of US$7,588,138.

Daily Transactions

April 13, 2015 124,302 2.6933 334,783
April 14, 2015 100,000 2.7335 273,350

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 about 10,000 people.


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

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

Peter Ogden
James Devas
Tel: +44 (0)20 7379 5151

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