Oslo, 21 January 2026: Engebø Rutile and Garnet AS (the "Company"), a wholly-owned subsidiary of
Nordic Mining ASA ("NOM"), has today instructed Nordic Trustee AS to summon a written resolution for
the Company's 12.5 % Senior Secured USD Bonds 2022/2027 with ISIN NO0012734112.
The purpose of the written resolution is to consider a proposal for an amendment to the minimum
liquidity covenant by lowering the cash amount the Company is required to maintain in a restricted
manner (the "Proposal"). The Proposal will facilitate flexibility in the group's liquidity management.
The Company has received the conditional support of more than 2/3 of the bondholders. A condition
for the Proposal is that tranche 2 of the private placement previously announced by NOM on its ticker
on www.newsweb.no (the "Private Placement") is successfully completed, including that the
extraordinary general meeting in NOM to be held on 9 February 2026 approves the capital increase
pertaining to tranche 2 of the Private Placement. Investors who subscribed for shares in the Private
Placement have provided irrevocable voting undertakings to vote in favour of such capital increase.
 

The written resolution, including details of the Proposal, is attached to this announcement.
 

The Company has retained Clarksons Securities AS as financial advisor with respect to the Proposal.
For further information, please contact:

Finn Ivar Marum, CEO of NOM, chair of the board of directors of the Company
Tel: +47 982 06 339
finn.ivar.marum@nordicmining.com

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian
Securities Trading Act.