Northland Resources S.A. announced that in order to achieve a more efficient group structure and reduce the burden of administrative expenses the Board of Directors will make the recommendation to the shareholders to relocate its registered seat from Luxembourg to Sweden. The contemplated transfer of the company to Sweden will be carried out in two separate steps by first converting the company's legal form from a Luxembourg S.A. into a so called Societas Europaea or SE-company and thereafter change its registered seat from Luxembourg to Sweden. The conversion and the migration will not lead to a change of legal entity, and with its seat of registration in Sweden it will be recognized as an equal to other public limited liabilities companies throughout the EU in accordance with the provisions in the EU- Regulation (No 2157/2001) and the applicable Swedish legislation concerning SE-companies (Sw Lag (2004:575) om europabolag).

In all material aspects it will be governed by applicable Swedish law in the same manner as a Swedish public limited liability company. The relocation is subject to the board's adoption of final conversion and migration plans, as well as the shareholders' approval and will require two separate general meetings; one for the conversion into a SE-company and the next for the migration to Sweden. The relocation will be tied into the ongoing long-term financing process and thereby to be approved in connection with the overall Bondholder's approval required for the contemplated refinancing.