NORD.L Regulatory News (NORD)

Capital Reduction

London, United Kingdom, 8 December 2016 - Nord Gold SE ("Nordgold" or the "Company", LSE: NORD) announces that, as contemplated in the circular sent to Company's shareholders on 2 November 2016 and pursuant to resolutions of the shareholders of the Company passed at the general meeting held on 18 November 2016, it has completed a reduction of capital, involving the reduction in the nominal value of each of the ordinary shares of Nordgold and the cancellation of the Company's share premium account (the "Capital Reduction"), required to create sufficient distributable reserves at a holding company level to facilitate the payment of dividends.

The Capital Reduction was formally approved by the Companies Court of the Chancery Division in the High Court of Justice on 7 December 2016. Following registration of the court order and the Company's statement of capital with Companies House, the Capital Reduction became effective on 8 December 2016.

Following the Capital Reduction, the issued share capital of the Company consists of 370,396,229 ordinary shares of €1.00 each, as at 8 December 2016.

The Board intends to declare payment of the interim dividend shortly.

About Nordgold

Nordgold (LSE: NORD) is an internationally diversified 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 cashflows and in turn, continue to invest in its pipeline of new growth opportunities while generating returns for investors. In 2015, Nordgold produced 950 koz of gold with all-in sustaining costs of US$793 per ounce.

Nordgold operates 9 mines (5 in Russia, 2 in Burkina Faso and one each in Guinea and Kazakhstan). It has one project in the construction phase (Gross in Russia), several prospective projects in feasibility study, preliminary economic assessment and advanced exploration phase 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.

For further information on Nordgold please visit the Company's website: www.nordgold.com

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