3x attractive exposures
Large deposit with unique location
Minerals for a sustainable future All major permits in place
EN Expand Oslo: NOM
Valuable investment in lithium
Investor Presentation February 24, 2021 Disclaimer
IMPORTANT NOTICE The presentation (the "Presentation") has been prepared by Nordic Mining ASA ("Nordic Mining" or the "Company") with the assistance of Clarkson Platou Securities AS and SpareBank 1 Markets AS (the "Financial Advisors") , solely for use at a presentation to future potential investors (the "Investors") in the Company. The Presentation does not in any way constitute an offer to purchase shares in the Company. This Presentation is strictly confidential and may not be reproduced or redistributed, in whole or in part, to any other person.
NO REPRESENTATION OR WARRANTY / DISCLAIMER OF LIABILITY The information contained in this Presentation is solely based on information provided by the Company and its subsidiaries (the "Group"). The information in this Presentation has not been verified by the Financial Advisor. None of the Financial Advisor, the Group or subsidiary undertakings or affiliates, or any directors, officers, employees, advisors or representatives of any of the aforementioned (collectively the "Representatives") make any representation or warranty (express or implied) whatsoever as to the accuracy, completeness or sufficiency of any information contained herein, and nothing contained in this Presentation is or can be relied upon as a promise or representation by the Financial Advisor, the Group or any of their Representatives. None of the Financial Advisor, the Group or any of their Representatives shall have any liability whatsoever (in negligence or otherwise) arising directly or indirectly from the use of this Presentation or its contents or otherwise arising in a future investment in the Company, including but not limited to any liability for errors, inaccuracies, omissions or misleading statements in this Presentation. Neither the Financial Advisor, nor the Group, have authorized any other person to provide any of the Investors with any other information related to the Group and neither the Financial Advisor nor the Group will assume any responsibility for any information other persons may provide. NO UPDATES This Presentation speaks as at the date set out on its front page. Neither the delivery of this Presentation nor any further discussions of the Group with any of the Investors shall, under any circumstances, create any implication that there has been no change in the affairs of the Group since such date. Neither the Financial Advisor nor the Group assume any obligation to update or revise the Presentation or disclose any changes or revisions to the information contained in the Presentation (including in relation to forward-looking statements). NO INVESTMENT ADVICE The contents of this Presentation shall not be construed as financial, legal, business, investment, tax or other professional advice. The Investors should consult their own professional advisers for any such matter and advice. SpareBank 1 Markets is acting exclusively for the Company and will not be responsible to anyone other than the Company for providing the protections afforded to clients of Sparebank 1 Markets for providing advice, in relation to any potential offering of securities of the Company. FORWARD LOOKING STATEMENTS This Presentation contains certain forward-looking statements relating to inter alia the business, financial performance and results of the Group and the industry in which it operates. Forward-looking statements concern future circumstances and results and other statements that are not historical facts, sometimes identified by the words “believes”, “expects”, “predicts”, “intends”, “projects”, “plans”, “estimates”, “aims”, “foresees”, “anticipates”, “targets”, and similar expressions. Any forward-looking statements contained in this Presentation, including assumptions, opinions and views of the Financial Advisor or the Group or cited from third party sources, are solely opinions and forecasts and are subject to risks, uncertainties and other factors that may cause actual results and events to be materially different from those expected or implied by the forward-looking statements. None of the Financial Advisor, the Group or any of their Representatives provides any assurance that the assumptions underlying such forward-looking statements are free from errors nor do any of them accept any responsibility for the future accuracy of opinions expressed in this Presentation or the actual occurrence of forecasted developments. CONFLICT OF INTEREST In the ordinary course of their respective businesses, the Financial Advisor and certain of their respective affiliates have engaged, and will continue to engage, in investment and commercial banking transactions with the Group. DISTRIBUTION RESTRICTIONS This Presentation is not directed at, or intended for distribution to or use by, any person or entity that is a citizen or resident located in any state, country or other jurisdiction where such distribution, publication, availability or use would be contrary to law or regulation or which would require registration of licensing within such jurisdiction.
INFORMATION AS TO THE UNITED STATES Any potential offer of securities will be offered and sold in the United States only to QIBs and outside the United States to persons other than U.S. persons or non-U.S. purchasers in reliance upon Regulation S. The shares of the Company have not been and will not be registered under the US Securities Act of 1933 (the “Securities Act”) or with any securities regulatory authority of any state or jurisdiction of the United States and may not be offered, sold, resold, pledged, delivered, distributed or transferred, directly or indirectly, into or within the United States unless registered under the Securities Act or pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act or in compliance with any applicable securities laws of any state or jurisdiction of the United States. There will be no public offering of the securities of the Company in the United States. In the United States, these materials are directed only at persons reasonably believed to be “qualified institutional buyers” (“QIB”) as defined under the Securities Act. Any person who is not a Relevant Person or QIB should not accept these materials, not act or rely on these materials. These materials are not intended for distribution to, or use by, any person in any jurisdiction where such distribution or use would be contrary to local laws or regulations. The Company does not accept any liability to any person in relation to the distribution or possession of these materials in or from any jurisdiction.
GOVERNING LAW AND JURISDICTION This Presentation is subject to Norwegian law, and any dispute arising in respect of this Presentation is subject to the exclusive jurisdiction of Norwegian courts.
2 Risk factors
Key risks specific to Nordic Mining or its industry Key risks specific to the securities
• Development of the Group’s assets will depend upon the Group's • The price of the Shares could fluctuate significantly ability to obtain financing • Future sales, or the possibility for future sales, including by existing • The operations of the Group are pre-commercial and will only be shareholders, of substantial number of Shares could affect the developed provided technical, environmental and financial feasibility Shares' market price • The Group is subject to production and operating risk, including • Future issuances of Shares or other securities could dilute the unexpected geological formations, mine failures, explosives, holdings of shareholders and could materially affect the price of the availability of production equipment and potential damage to Shares equipment, property and infrastructure • Investors may not be able to exercise their voting rights for Shares • The Group is subject to risk related to changes in mineral and metal registered in a nominee account prices, government regulations, political and environmental factors • The transfer of the Shares may be subject to restrictions on • The minerals and metals industries are highly competitive and the transferability and resale in certain jurisdictions Group has no guarantee that this competition will not have an • Exchange rate fluctuations could adversely affect the value of the adverse effect at some point on the Group's ability to acquire, Shares and any dividends paid on the Shares for an investor whose explore and develop its mineral and metals resource deposits principal currency is not NOK • There is no assurance that the Group will be successful in obtaining governmental permits, licenses and approvals related to its projects on conditions acceptable to the Group • The Group's estimates as to the size of the mineral resources and ore reserves are in accordance with the JORC code (2012 edition). Actual operating results may deviate from these estimates • Development of the Group's projects are subject to various risks, including the size of required capital expenditures, processing costs and other financial and non-financial aspects that may impact project return
Adverse developments or occurrences in any of the risk factors may have a material adverse effect on the business and financial condition of the Group
3 Agenda
1. Highlights and transaction summary
2. Keliber – Lithium
3. Engebø – Rutile and Garnet
4. Nordic Ocean Resources
5. Key investment highlights
6. Appendix
4 Sustainable production of high-end industrial minerals
Rutile (Titanium dioxide) • Environmentally friendly pigment • Air cleaning surface materials • Aircraft/aerospace • Health applications
Garnet
• Health and environmentally Engebø Rutile
friendly cutting and blasting (TiO2) and Garnet material (100%)
Lithium
• Batteries for electric vehicles and Keliber Oy renewable energy storage Lithium (16.3%)
R&D - Alumina
• Patented technology for green Nordic Ocean Resources (NORA) alumina production with Seabed minerals (100%) integrated CO2 consumption
5 Valuable assets nearing construction
Engebø – Rutile and Garnet (100%) • Post-tax NPV@ 8% of USD 344m and IRR 20% • Payback <5 years from start of production • Life of Mine of 42 years, with substantial resources for future extension • All major permits granted Engebø Rutile • Heads of Agreement for rutile offtake and (TiO2) and Garnet financing with Japanese trading house (100%) • Favorable location, jurisdiction and infrastructure
Keliber – Lithium (16.3%) • Post-tax IRR 22% Keliber Oy Lithium • Payback ~5 years from start of production (16.3%) • First European producer of lithium hydroxide • Forecasted cost leader in 2025 by Roskill • Favorable location, jurisdiction and infrastructure
Source: Project numbers from Engebø DFS January 2020 and Keliber Oy Progress Report Q3 2020 6 Responding to the need of Critical Raw Materials
• EU Commission has taken actions to make EU’s raw material supply more secure and sustainable
• EU’s list of Critical Raw Materials reflects economic importance and supply challenges
• Titanium and Lithium are both on the list of critical raw materials
• Nordic Mining is a member of European Raw Material Alliance (ERMA)
Source: EIT Raw Materials 7 Board of Directors and Management team
Board of Directors Management team
Kjell Roland, Chairman Ivar S. Fossum, CEO • Former CEO of Norfund • 14 years with Nordic Mining (since founding) • Previous experience as partner and CEO in ECON Management AS and • 20 years experience from management positions in Norsk Hydro ECON Analysis and FMC Technologies • Finance / economics background
Kjell Sletsjøe, Deputy Chairman Christian Gjerde, CFO • Comprehensive international management experience from mining, coatings • Employed as of August 2020 and construction industries as well as consulting • Broad management experience from NorgesGruppen ASA, Telenor • Technical / financial background ASA, and Yara International ASA. Experience from large-scale mining projects and operations in Brazil, Ethiopia and Finland. Benedicte Nordang, Board member Kenneth Nakken Angedal, Project Manager Engebø • 20 years’ experience from the offshore industry, including various management positions from Equinor ASA and Aker Marine Contractors • Employed as of August 2018 • Broad management and project coordination experience from various • Held board positions in the mining industry for more than 10 years, including for management positions in the ABB Group Nussir ASA and Wega Mining ASA
Antony Beckmand, Board member Mona Schanche, VP Resource and Sustainability • More than 20 years’ experience in financial, commercial and corporate roles • 12 years with Nordic Mining within the mining industry • Geologist with broad mining background • Currently CEO of Sydvaranger AS (iron ore) and has previous industry experience across a range of commodities
Lars K. Grøndahl, Senior Advisor Eva Kaijser, Board member • 14 years with Nordic Mining (since founding) • More than 22 years of experience in the Swedish mining industry, including 11 • Broad experience from various industrial management positions years in Boliden • Finance / industry background
Broad mining, industrial and financial experience combined with extensive network
8 Transaction summary
Use of proceeds
Type of transaction: Private placement • Most of the proceeds (up to NOK 45m) will be used towards participation in EUR 40m Keliber 197,491,772 shares prior to the Private equity raise in order to maintain exposure to Shares outstanding: placement fast-growing European lithium market.
• NOK 15m will be towards securing financing Number of shares to be issued: Up to 32,000,000 shares for the Engebø project and preparing for execution.
Issue price: To be determined through book building • NOK 10m will used towards developing a strategy for how to commercialize NOMs Start of book building period: 24rd of position within the NORA seabed initiative February 2021 at 16:30 hours (CET) Book building period: End of book building period:25th of February • Remaining NOK 15m will be used for general 2021 at 08:00 hours (CET) corporate purposes and business development. 25th of February 2021 before opening of Allocation notification: markets
Minimum subscription: The NOK or share equivalent of EUR 100,000
Clarksons Platou Securities and Sparebank1 Joint bookrunners: Markets
9 Agenda
1. Highlights and transaction summary
2. Keliber – Lithium
3. Engebø – Rutile and Garnet
4. Nordic Ocean Resources
5. Key investment highlights
6. Appendix
10 Keliber secures significant financing from strategic investor
• Keliber and leading international mining company Sibanye Stillwater have entered into an investment agreement for an initial phased equity investment of EUR 30 million for approximately 30% shareholding in Keliber
• In addition, existing shareholders will be offered to subscribe for shares for up to EUR 10 million on the same terms as the investment from Sibanye-Stillwater, securing Keliber bridge financing of in total EUR 40 million to progress Keliber’s lithium project towards construction
• The agreement represents a considerable de-risking of the project and a major milestone towards realizing Keliber as the first European lithium producer
• Sibanye-Stillwater plans to play a key role as an industrial anchor investor in the project financing planned for mid- 2022, and has in accordance with the investment agreement the option to secure a majority shareholding in Keliber, following the completion of the updated feasibility study
• Nordic Mining believes the partnership with and investment from Sibanye Stillwater will offer great value to new and existing shareholders, and has the intention of subscribing for up to NOK 45 million (EUR 4.5 million) in order to maintain the company’s exposure to fast-growing European lithium market. The minimum secured pro-rata allocation is EUR 1.63 million
• Keliber’s lithium project is expected completed in 2024
Source: Keliber and Sibanye Stillwater 11 Sibanye-Stillwater – global precious metals group
Americas assets
Marathon project (26.5%) with Generation mining US PGM
East Boulder mine(100%) Denison project (64.9%) • A leading international precious metals mining Reserves: 11.0Moz 2E with Wallbridge Mining company, with a diverse portfolio of platinum group Stillwater mine(100%) Altar project (100%) metal (PGM) operations: the largest primary Reserves: 15.9Moz 2E with Aldebaran (in Argentina) producer of platinum and rhodium, second largest producer of palladium, and third ranked gold producer globally. SA PGM Southern African assets SA GOLD • Production in South Africa and Northern America Mimosa (50%) Cooke surface (100%) • Revenue USD 7.7 billion (2020 year) Reserves: 1.5Moz 4E Reserves: 0.1Moz Au
• Market capitalisation USD 14 billion Marikana (100%)4 Kloof (100%) • Personnel 80 000 Reserves: 21.6Moz 4E Reserves: 4.6Moz Au • Listed in Johannesburg Stock Platinum Mile (91.7%) Driefontein (100%) Reserves: n.a. Reserves: 2.5Moz Au Exchange (JSE:SSW) and 19 % New York (NYSE:SBSW) 33% Rustenburg (100%): DRDGOLD (50.1%) Reserves: 15.4Moz 4E Reserves: 2.8Moz Au Production Kroondal (50%) Beatrix (100%) (oz %) 2020 Reserves: 1.1Moz 4E Reserves: 1.2Moz Au
Various SA PGM projects Various SA gold projects Reserves: 4.3 Moz Au Resources: 86Moz 4E 48% Resources: 19.7Moz Au
12 23.2.2021 -
Source: Keliber 12 Sibanye-Stillwater, a significant multi-metal company
Source: Sibanye Stillwater company presentation 13 Positioned to be first supplier of battery grade lithium in Europe
• Europe is at the global BASF TESLA forefront in the EV a p Operational 2020 j TBC revolution, with Norway as CATL KELIBER a spearhead b 24 GWh 60 GWh 2026 k LiOH plant, 2024
SAMSUNG SDI GS YUASA l 3 GWh plant operational r • Massive increase in EVs c 3 GWh plant operational UMICORE g f drives need for large-scale m Operational 2020 d JM JOHNSON MATTHEY k Li-ion battery production Operational 2021/2022 VALMET AUTOMOTIVE n TBC a LG CHEM n e 4 GWh (12 GWh) ACC - PSA/SAFT • Refined lithium is today o 24 GWh by 2024 q supplied mainly from TERRAFAME f Operational 2020 MORROW China, with large CO q 8 GWh by 2024 up to 32 2 GWh t footprint and less certain NORTHVOLT Freyr g 32 GWh in 2023 r Up to 40 GWh start d supply-chains starting 2023 with 8GW in 2020 SVOLT j p e SK INNOVATION s 24 GWh start 2023 i b m h 7.5 GWh by 2020 u • Keliber is the most British Volt s t 10 GWh start 2023 up to 35 o progressed lithium i Volkswagen/Northvolt GWh 16 GWh in 2024 Farasis h resource, and is in position u c 16 GWh start 2022 l to become the first integrated producer in Segments Europe • Cathode / PCAM manufactures • Battery manufacturers • Keliber is forecasted by • Lithium Mining Projects Roskill to become global Battery production Cathode materials - precursor Battery packs cost leader
Source: Keliber Lithium prices have rallied, boosting interest for lithium projects
Development of a Keliber peer-group since last PP (indexed) Keliber
900 • Driven by the massive increase in adaptation of EV’s and improved investor 800 sentiment towards the green transition, lithium development equities has seen a 700 positive movement over the past year
600 • Keliber peer-group has gained 681 % on average since the private placement in 500 Keliber in March 2020 • The peer-group of lithium developers have 400 been selected based on:
300 • Nature of ore-body, only hard-rock • Jurisdiction, Finland is favorable 200 • Project phase, only post PFS 100 • MCap above EUR 100m
0 20.03.2020 20.05.2020 20.07.2020 20.09.2020 20.11.2020 20.01.2021
Peer Group: Critical Elements, Core Lithium, European Metals, Frontier Lithium, Liontown Resources, Piedmont Lithium, Sigma Lithium (The companies have been weighted equally)
Source: Company documents, Refinitive 23.02.2021, Keliber press release dated 20.03.2020 15 Vertically integrated producer 3 days from European markets
• One of the most lithium-bearing areas in Europe
• Production of high purity lithium hydroxide from own ore reserves with efficient technology
• Chemical plant by in the port of Kokkola provides tolling opportunities
• Mineral concentrator re-located closer to mine site enabling best cost position
• De-risked process through pilot trials of concentration, conversion and hydrometallurgy
Source: Keliber 16 Major milestones outlined towards production start-up
Keliber timeline:
DFS update: Q1 2022
Environmental permits: Kokkola ~Q4 2021 Kaustinen Päiväneva ~Q2 2022
Project financing: 2022
Production start-up: 2024
17 Agenda
1. Highlights and transaction summery
2. Keliber – Lithium
3. Engebø – Rutile and Garnet
4. Nordic Ocean Resources
5. Key investment highlights
6. Appendix
18 Large dual-mineral resource with high grade rutile and garnet
• Hard-rock deposit located in western Norway, a politically stable country • 2.5 km long eclogite orebody outcropping at surface • Geotechnical stable rock allowing for efficient mining
• Low impurities, negligible content of heavy metals and radioactive elements
• Location by the North Sea with ice free, deep sea quay provides advantageous logistics
• 40 minutes drive from Førde regional centre and two local airports
• Renewable hydro power in close proximity
• Region of skilled, industrial labour with maintenance and service vendors available
• Initial mine life of approximately 40 years
19 Highest rutile grade in the industry gives processing advantages
2 Indicative rutile grades (TiO2) for current producers and planned projects Engebø 3.89%
West Balranald 3.86%
SRL 0.94%
Snapper 0.86%
Kwale 0.47%
WIM 150 0.43%
Puttalam 0.36% Mineral resources (2% TiO2 cut-off) 0.28% Donald Tonnes TiO2 grade Garnet (mt) (%) grade (%) Dongara 0.23% Measured (M) 29.2 3.60 44.5 Fairbreeze 0.22% Indicated (I) 104.0 3.48 43.9 Cataby 0.18% Total M&I 133.2 3.51 44.0 Namakwa 0.16% Inferred 254.1 3.15 41.3 RBM 0.16%
Boonanarring 0.15%
Jacinth Ambrosia 0.15%
Ranobe 0.14%
Note: 1) Resource estimates (June 2018) completed by Competent Person Adam Wheeler, corresponding to the guidelines of the JORC Code (2012 edition); 2) TZMI 2 0 Minerals with unique properties and fundamental drivers
Rutile Garnet
Pigment Titanium Welding rods Waterjet cutting Sand blasting Abrasives
Market drivers Market drivers • Titanium has unique properties as oxide and metal • Emerging mineral with strong growth and potential • Rutile has the highest grade of titanium feedstocks and • No substitutes for garnet in waterjet cutting improves efficiency and reduces waste • Performance enhancement and environmental and • Higher growth rates in emerging markets and health benefits in blasting aerospace industry • Improved recycling properties
21 DFS update unlocks significant CAPEX reduction
• Preliminary numbers indicate reduction in initial CAPEX in the range of USD 100 million compared to 2020 DFS (USD 311 million)
• Process plant layout finalized; physical footprint reduced by around 40%
• Proposals received for mechanical, infrastructure and mining; technical reviews ongoing
• Execution strategy based on 4 EPC packages
• Engaging with world class Project Management Consultants (PMC) for execution
• Operational license reconfirmed by Directorate of Mining, final decision awaited from Ministry of Trade, Industry and Fisheries
Source: Project numbers from Engebø DFS January 2020 22 ESG integrated in the development of the Engebø project
Take climate • Use of electrical dryers instead of natural gas fueled dryers results in responsibility more than 80% reduction of total CO2 emissions
Reduce environmental • New process chemicals have been footprint approved by the Environment Agency, reducing consumption by 99%
• Project execution strategy with strong Ensure a safe and healthy owner’s team integrated with Project work environment Management Consultants (PMC) and EPC vendors
• Integrated Stakeholder Engagement Plan finalized. Local resource group Being socially responsible established
23 Integrated ESG Management Plans in line with IFC standards
Integrated ESG Management Plans for Engebø are being developed in line with International Finance Corporation’s (IFC) standards:
• Stakeholder Engagement Plan finalized
• Energy Management Plan in progress and planned completed Q1 2021
• Extractive Waste Management Plan in preparation and planned completed H1 2021
• Closure and Rehabilitation Plan planned completed H2 2021
Other plans will be developed in preparation for construction:
- Industrial and Domestic Waste Management Plan - Emergency Prevention and Response Plan - Construction Environmental Management Plan - Internal Control System Implementation Plan
24 DFS update important milestone towards construction
Definitive Feasibility Value Engineering indicates Financing for project Study confirms Engebø potential for considerable construction as a world class rutile reduction in initial capital (timeline for financing can and garnet project expenditure vary 1-2 quarter)
Q1 2020 Q3 2020 Q3 2021
Q2 2020 Q1 2021 2022-
Engebø operating license Updated Definitive Project construction period completes all major Feasibility Study approx. 2 years permits for the project
25 Agenda
1. Highlights and transaction summary
2. Keliber – Lithium
3. Engebø – Rutile and Garnet
4. Nordic Ocean Resources
5. Key investment highlights
6. Appendix
26 Norwegian regulation open for new strategy on seabed minerals
• NORA initiated discussions on seabed exploration with Norwegian authorities in 2008
• NORA, Norwegian University of Science and Technology (NTNU) and Equinor established the first scoping project in 2012
• NORA has participated in the 4-year R&D project MarMine funded by industry partners and the Norwegian Research Council
• Norwegian authorities launched the Seabed Minerals Act in 2019 and is conducting a public hearing of the scope for an EIA on seabed mineral extraction
• Nordic Mining will review its strategy on how to commercialize knowledge and position on seabed minerals
27 Agenda
1. Highlights and transaction summary
2. Keliber – Lithium
3. Engebø – Rutile and Garnet
4. Nordic Ocean Resources
5. Key investment highlights
6. Appendix
28 Key investment highlights – maintain attractive exposure to lithium
Electrical Attractive Keliber, Keliber, vehicles business case the first high purity LiOH Forecast to become vertically for batteries Huge demand global cost leader integrated lithium Technology proven potential and growth with post-tax producer in by large-scale pilots outlook for lithium IRR of 22% Europe in 2025
29 Key investment highlights – maintain attractive exposure to lithium
Large deposit with unique location
Sustainable EN Expand Oslo: NOM mining solutions
Robust project Minerals for a sustainable future economics
Favorable jurisdiction
Strong competitive position
30 Agenda
1. Highlights and transaction summary
2. Keliber – Lithium
3. Engebø – Rutile and Garnet
4. Nordic Ocean Resources
5. Key investment highlights
6. Appendix
31 Appendix Balance sheet with no interest bearing debt
Balance Sheet (NOKm) 31.12.2020 31.12.2019 Comments Unaudited Audited
Evaluation and exploration assets 28.3 26.1 1 Financial assets Financial assets 1 100.1 90.8 • Financial assets comprise investment in Keliber Oy
PP&E 0.4 0.5 2 Cash and cash equivalents Right-of-use assets 0.4 0.1 • NOK 42.2m of cash at hand
Total non-current assets 129.2 117.5 3 Total liabilities • Zero interest bearing debt
Trade and other receivables 2.2 4.3 4 Total equity Cash and cash equivalents 42.2 30.6 2 • Equity increased to NOK 164m Total current assets 44.4 34.9
Total assets 173.7 152.4
Total liabilities 3 9.4 8.6
Shareholder equity 4 164.3 143.8
Total liabilities & equity 173.7 152.4
Source: Nordic Mining 32 ESG milestones and improved sentiment towards green transition have increased interest for NOM
KEY SHARE DATA SHARE PRICE DEVELOPMENT TOP 10 SHAREHOLDERS
23 February 2021 July 2020 – February 2021 23 February 2021
Stock Exchange / ticker: NORDNET BANK AB 9.3 % Nominee Euronext Expand Oslo NOK 4.0 16000 000 NOM VERDIPAPIRFONDET 6.2 % Ordinary NORDEA AVKASTNING NOK 3.5 14000 000 NORDEA BANK ABP 2.5 % Nominee Share price (1-month VWAP): NOK 2.93 (NOK 3.14) CLEARSTREAM BANKING 2.1 % Nominee NOK 3.0 12000 000 S.A. NORDNET LIVSFORSIKRING 2.1 % Ordinary AS 3 months development: NOK 2.5 10000 000 NOK + 0.73 / 32.9% DANSKE BANK A/S 1.8 % Nominee
NOK 2.0 8000 000 KNUT FOSSE AS 1.8 % Ordinary
Nr. shareholders: ADURNA AS 1.6 % Ordinary 6.307 NOK 1.5 6000 000 (~880 new last 3 months) CITIBANK, N.A. 1.4 % Nominee
NOK 1.0 4000 000 NATURLIG VALG AS 1.0 % Ordinary Market cap: NOK 578.7 million NOK 0.5 2000 000 Analysts: Vidar Lyngvær NOK 0.0 - SpareBank 1 Markets AS jul. 20 okt. 20 jan. 21 Hans Lund Clarksons Platou Securities AS Volume (RH) Share Price (NOK) (LH)
33