Nordic Iron Ore AB (the "Company") has decided to raise a loan of SEK 5 million, which adds additional working capital to the Company. With the capital increase, the Company gets the sufficient resources to efficiently analyze the results of the ongoing feasibility study for the restart of the mine in Blötberget. As previously announced, the study will be reported later in the current quarter. 

Summary of terms:

• Loan agreements totaling SEK 5 million have been signed with three professional investors.
  
• The loan has an annual interest rate of 12 percent.- The loan runs until December 31, 2019.
  
• If the Company carries out an issue during the term, all or part of the loan amount may be offset at the same subscription price as in the offer in question.
   

Overall, the Board has made the assessment that the terms of the loan are market-based. 

Augment Partners has acted as financial advisor.