Nord Gold N.V., an established pure-play gold producer focused on emerging markets and currently a wholly-owned indirect subsidiary of OAO Severstal, announced Monday its intention to proceed with an initial public offering and listing of its ordinary shares.

MAIN FACTS:

-Nord Gold intends to apply to the Financial Services Authority for its shares to be admitted to the premium segment of the Official List and to the London Stock Exchange for all of its shares to be admitted for trading.

-The Global offer will consist of newly issued shares and existing shares being sold by a subsidiary of OAO Severstal.

-The company intends to use the net proceeds from the issue of the new shares to repay the net amount of loans outstanding to OAO Severstal and to fund its growth strategy via exploration, development of projects and potential acquisitions.

-In connection with the Global offer, Morgan Stanley (MS) has been appointed sole sponsor and Credit Suisse (CS) and Morgan Stanley have been appointed joint global coordinators.

-Credit Suisse, Morgan Stanley and Troika Dialog will act as Joint Bookrunners.

-Cannacord Genuity is acting as co-manager.

-By Zechariah Hemans, Dow Jones Newswires; 44-20-7842-9411; zechariah.hemans@dowjones.com