Last day of listing today

2018-02-02

Last day of listing for the shares in Norske Skogindustrier ASA is today, 02.02.2018.

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Resolution to delist Norske Skogindustrier ASA from Oslo Børs

2018-02-02

Bankruptcy has been opened in Norske Skogindustrier ASA. Pursuant to Continuing Obligations section 15.1 (1) cf. Stock Exchange Act section 25 (1), Oslo Børs has today passed the following resolution: "The shares of Norske Skogindustrier ASA will be delisted from Oslo Børs from 5. February 2018. The last day of listing will be 2. February 2018."

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Appointment of bankruptcy trustee in Norske Skog companies

2017-12-20

Oslo Byfogdembete (Oslo Bankruptcy Court) has on 19 December and 20 December 2017, appointed lawyer Tom Hugo Ottesen as bankruptcy trustee for the following companies: Norske Skogindustrier ASA Norske Treindustrier AS Norske Skog Holding AS Lysaker Invest AS Norske Skog Eiendom AS

In addition to the bankruptcy filing of Norske Skogindustrier ASA on 19 December 2017, the board of directors of Norske Treindustrier AS, Lysaker Invest AS, Norske Skog Eiendom AS and Norske Skog Holding AS have filed for bankruptcy at Oslo Byfogdembete (Oslo bankruptcy court) today, Wednesday 20 December 2017.

The deadline for claims to the bankruptcy trustee is set to 23 January 2018. See the enclosed court order from Oslo Byfogdembete. Questions concerning the bankruptcy process and the bankruptcy estate must be addressed to the trustee:

Attorney Tom Hugo Ottesen Kvale advokatfirma DA Office Address: Haakon VIIs Street 10, Oslo Postal Address: Kvale Advokatfirma DA, PO Box 1752 Vika, 0122 OSLO, Norway Phone: +47 22 47 97 00 Fax: +47 21 05 85 85

Questions to the estate should primarily be addressed via the following e-mail address if possible: post@kvale.no.

The group's operational activities will continue in Norske Skog AS as normal with as little impact as possible from the bankruptcy proceedings of the above companies. The non-listed Norske Skog AS will be the new operating parent company of the Norske Skog group, and will continue the head office function that has been performed by Norske Skogindustrier ASA.

Norske Skog Communications and Public Affairs

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OSLO BØRS - SUSPENDED

2017-12-19

Oslo Børs and The Financial Supervisory Authority of Norway have decided to suspend the shares in NSG. See announcement from the company today at 08:53.

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Norske Skog's operations continue as normal

2017-12-19

Norske Skog's operations will continue to run as normal. For employees, suppliers and customers, there will be no change, it will be business as usual. The bankruptcy of Norske Skogindustrier ASA is financial and concerns mainly shareholders and bondholders of Norske Skogindustrier ASA.

Oceanwood, the majority holder of the Senior Secured Notes (SSN), has started the process to enforce on the SSN collateral in Norske Skog AS. The ownership of Norske Skog AS, the parent company of all operating business units, will thus be transferred to new owners in an auction process. Oceanwood has entered into a joint venture (JV) with Aker in a bid to buy and operate Norske Skog AS. The JV is providing financial support to Norske Skog throughout the auction process.

- The operations of Norske Skog AS are attractive given leading competitive positions in their respective markets. We are thus very pleased to observe both strong financial and industrial interest in the operations of Norske Skog, said Sven Ombudstvedt, chairman of the board of Norske Skog AS.

- Our main task going forward is to facilitate the auction process and to ensure that Norske Skog AS gets a new strong owner. Meanwhile, we will continue to develop the operating businesses and look forward to a renewed strategic focus with new owners, said Lars P.S. Sperre, President and CEO of Norske Skog.

Norske Skog Communications and Public Affairs

For further information:

Norske Skog media: Vice President Corporate Communication Carsten Dybevig Mob: +47 917 63 117

Norske Skog financial markets: Vice President Investor Relations Tom Rogn Mob: +47 948 55 659

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Business Units

Mail

Norske Skog AS
PB 294 Skøyen
0213 Oslo
Norway
info@norskeskog.com

Phone: +47 22 51 20 20
Main fax: +47 22 51 20 21
See more contact information

Visitors

Norske Skog AS
Karenslyst allé 49
0278 Oslo

Norske Skog AS, PB 294 Skøyen, 0213 Oslo, Norway

Phone: +47 22 51 20 20 - Main fax: +47 22 51 20 21