NORD.L Regulatory News (NORD)

Nordgold raises US$500 million in debut 5 year Eurobond issue

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION DIRECTLY OR INDIRECTLY, IN THE UNITED STATES OF AMERICA OR TO U.S. PERSONS OR IN AUSTRALIA, JAPAN, THE RUSSIAN FEDERATION OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD BE UNLAWFUL.

Amsterdam, May 8, 2013 - Nord Gold N.V. ("Nordgold" or the "Company", LSE: NORD), an international gold producer with nine operating mines in Russia, Kazakhstan, Burkina Faso and Guinea, today announces that it has raised US$500 million in the international capital markets in a debut 5 year Eurobond issue. The US$500,000,000 6.375% Guaranteed Notes due 2018 (the "Notes") were issued on May 7, 2013.

The Notes are guaranteed by the following subsidiaries of the Company: CJSC "Mine Aprelkovo", "Neryungri-Metallik" LLC, JSC FIC Alel, Société Minière de Dinguiraye and High River Gold Mines Ltd. The Notes bear interest at a rate of 6.375% per annum, payable semi-annually in arrears, on May 7 and November 7 of each year, commencing on November 7, 2013. The Notes mature on May 7, 2018. The Notes are expected to be admitted to the Official List of the Irish Stock Exchange and to trade on the Global Exchange Market of the Irish Stock Exchange, with effect from May 8, 2013.

There was large interest in the offering from investors and the order book totalled approximately US$1 billion, with more than 120 orders placed by investors. This inaugural transaction for Nordgold established a visible presence in the international bond market and raised the desired benchmark size financing at an attractive yield.

Nordgold's debut Eurobond issue was coordinated by Citigroup, Goldman Sachs International, Jefferies, Sberbank, CIB and Société Générale Corporate & Investment Banking as joint bookrunners and joint lead managers. Natixis acted as a joint lead manager.

DISCLAIMERS

This announcement is not for distribution, directly or indirectly, in or into the United States (including its territories and possessions, any State of the United States and the District of Columbia). This announcement is not an offer or solicitation to purchase or subscribe for securities in the United States. Securities may not be offered or sold in the United States, or to, or for the account or benefit of, U.S. persons (as such term is defined under Regulation S under the U.S. Securities Act of 1933, as amended (the "Securities Act"), absent registration with the United States Securities and Exchange Commission or an exemption from registration under the Securities Act. There is no intention to register any part of any offering in the United States or to conduct a public offering of securities in the United States.

This announcement is only being distributed to and is only directed at (i) persons who are outside the United Kingdom or (ii) to investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or (iii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons in (i), (ii) and (iii) above together being referred to as "Relevant Persons"). Any securities described herein are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, Relevant Persons. Any person who is not a Relevant Person should not act or rely on this document or any of its contents.

This announcement or information contained therein is not an offer, or an invitation to make offers, to sell, exchange or otherwise transfer securities in the Russian Federation to or for the benefit of any Russian person or entity and does not constitute an advertisement or offering of securities in the Russian Federation within the meaning of Russian securities laws. Information contained in this announcement is not intended for any persons in the Russian Federation who are not "qualified investors" within the meaning of Article 51.2 of the Federal Law no. 39-FZ "On the Securities Market" dated 22 April 1996, as amended (the "Russian QIs") and must not be distributed or circulated into Russia or made available in Russia to any persons who are not Russian QIs, unless and to the extent they are otherwise permitted to access such information under Russian law. The Notes have not been and will not be registered in Russia and are not intended for "placement" or "circulation" in Russia (each as defined in Russian securities laws) unless and to the extent otherwise permitted under Russian law.

This announcement does not constitute or form part of an offer to sell securities or the solicitation of an offer to buy securities in Canada nor is it directly or indirectly in furtherance of any such a transaction. Persons resident in Canada or those acting on behalf of Canadian residents are not eligible to purchase the Notes in the offering, directly or indirectly.

About Nordgold

Nordgold (LSE: NORD) is an international pure-play emerging-markets gold producer established in 2007. Nordgold has expanded rapidly through acquisitions and organic investment, achieving a rate of growth unmatched in the industry during that period. Nordgold's gold production reached 717 Koz in 2012. The company operates nine mines in Russia, Kazakhstan, Burkina Faso and Guinea. Nordgold has one development project, five advanced exploration projects and a diverse portfolio of early exploration projects and licenses in CIS and West Africa. Nordgold employs over 10,000 workers on two continents.

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