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                                                              Nordic Land Limited

Issue of Shares

Nordic Land Limited (the 'Company') announces that an application has been made to the London Stock Exchange for the admission to AIM of 686,973 ordinary shares of £0.01 in the Company. These shares have been issued to the Company's Manager, Lathe Investments (Nordic) LLP ('Lathe') in part settlement of the performance fees due to Lathe for the financial period ended 31 March 2008. Admission is expected to become effective on 31 July 2008. 

Mr Knight, as a partner of Lathe, will be receiving 240,441 of the shares issued in settlement of the performance fee. Mr Knight is also Managing Director of the Company and following the issue of the additional shares, his shareholding will be increased to 442,941 ordinary shares representing 2.23% of the issued share capital.

Following the issue of these shares, the total number of ordinary shares in issue will be 19,859,561. Shareholders should use this number of ordinary shares as the denominator by which to determine whether they are required to notify their interest in, or a change to their interest in, the Company under the Disclosure and Transparency Rules.

 

Enquiries to: 

 

Nordic Land Limited

Ian Knight, Managing Director         Tel: + 44 (0) 1892 752 005 

Matrix Corporate Capital LLP

Stephen Mischler                            Tel: +44 (0) 20 3206 7000 

Bankside Consultants Ltd              Tel: + 44 (0) 20 7367 8888 

Simon Rothschild 

Oliver Winters 

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