Nordic Iron Ore AB extends the short-term loan facility

In February 2021, Nordic Iron Ore AB received a loan facility of SEK 10.5 million from the Company's principal owners Bengtssons Tidnings AB and Ludvika Holding AB and the company's board member Timo Lindborg via companies. The facility has now been extended by three months to run until the end of September 2022.

Summary of terms of the loan facility:

•  Loan agreement totalling SEK 10.5 million
•  The loans have an annual interest rate of 8 percent on the amount used.
•  The loans run until 30 September 2022.

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