Norske Skog's shareholder policy

The shareholder policy is as follows:

• Norske Skog's goal is to provide a good return for shareholders.
• Norske Skog's shares shall be freely  negotiable and based on the principle one   share –  one vote.
• The dividend policy shall be competitive and responsible.
• Norske Skog's capital structure shall be adapted to the company's strategy and   business risk.
• The work of the board and the executive management shall be based on the principle of equal treatment of all the company's shareholders.