Suspension of Listing Timetable (2059F)

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RNS Number : 2059F

Nordic Land PLC

20 April 2011

Nordic Land

("Nordic Land" or the "Company")

Suspension of Listing Timetable

In a circular to shareholders dated 16 September 2010 shareholders were notified that it was intended to sell the Company's entire property portfolio and to commence the winding up of the Company.

These proposals were duly approved by shareholders in General Meeting on 7 October 2010.

Following the sale of the property in Sicklaon in November 2010 the Company became an "investing company" for the purpose of the AIM Rules for Companies ("AIM Rules"), its "investing policy" for the purpose of the AIM Rules being the winding up of the Company. Under AIM Rule 15 Nordic Land has until close of business on 27 November 2011 to implement its investing policy (ie. complete its winding up). If it has not done so, the Company's shares will be suspended. If, a further six months later (ie. close of business on 28 May 2012), the Company has still failed to implement its investing policy, the listing of the shares will be cancelled.

As previously announced the Directors intend to distribute the net cash resources of the Company by way of two distributions. The first of these, amounting to 10.5p per share, was made on 11 February 2011 and the second, amounting to an estimated 12.0p per share, is expected to be made in the first quarter of 2012.

For further enquiries:

Nordic Land Plc - In Liquidation

Ray Horney, Chairman Tel: [phone]

(c/o Bankside Consultants)

SP Angel Corporate Finance LLP

Robert Wooldridge/Tercel Moore Tel: [phone]

Matrix Corporate Capital LLP Tel: [phone]

Stephen Mischler

Bankside Consultants

Simon Rothschild/Louise Mason Tel: [phone]

This information is provided by RNS

The company news service from the London Stock Exchange

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