Nordic Land Limited
03 August 2007


For Immediate Release 03 August 2007


NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO
THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN

THIS ANNOUNCEMENT IS NOT AN ADMISSION DOCUMENT AND IS NOT AN OFFER TO SELL OR A
SOLICITATION OF AN OFFER TO BUY SECURITIES IN THE UNITED STATES OR IN ANY OTHER
JURISDICTION



                              NORDIC LAND LIMITED

                 Commencement of Dealings and Admission to AIM

                               TICKER SYMBOL: NLD


Nordic Land Limited ('Nordic Land' or 'the Company'), a Jersey incorporated
company established to invest principally in retail property in the Nordic
Region, today announces the commencement of dealings of its ordinary shares on
AIM under ticker symbol NLD.


The Company has raised an additional £4.9 million via a placing of 4,878,838
Ordinary Shares at a price of £1 per share (the 'Placing'). The proceeds from
the Placing will be used to expand its property portfolio in the Nordic Region.
In April 2007 the Company raised £13.4 million of initial capital through a
private placement following which it acquired two properties in Sweden with a
total value of approximately £50 million.


Following the Placing, the market capitalisation of the Company based on the
Placing Price is £19.2 million.



Placing Statistics

Placing Price                                                            £1.00
Number of new Ordinary Shares to be issued pursuant to the
Placing                                                              4,878,838
Number of Ordinary Shares currently in issue                        13,625,000
Number of Ordinary Shares in issue immediately following the
Placing and Admission                                               19,172,588
Estimated net proceeds of the Placing receivable by the Company     £3,955,000
Market capitalisation of the Company at the Placing Price          £19,172,588


SP Angel Corporate Finance acted as broker and sole bookrunner to Nordic Land.
Matrix Corporate Capital is nominated advisor and co-lead manager.



Enquiries to:


Nordic Land
Ian Knight - Managing Director                Tel: +44 (0) 1892 752005



S.P. Angel Corporate Finance
David Facey                                   Tel: +44 (0) 20 7647 9650



Matrix Corporate Capital
Stephen Mischler                              Tel: +44 (0) 20 7925 3300




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