Dividend

Norske Skog wishes to pay a competitive and stable dividend to its shareholders. As an average over a business cycle, the dividend should correspond to 15-25 per cent of cash flow from operations, after financial expenses and tax.

Dividend the last five years:

The board proposed that no dividend will be disbursed for the year 2010. Final decision was taken at the AGM 14 April 2011.

Year Dividend, *)
NOK per share
Date of
proposal
Date of
decision
Ex. Dividend
date
Record
date
Pay
date
2010 0.00   14.04.2011      
2009 0.00   22.04.2010      
2008 0.00    23.04.2009      
2007 0.00   24.04.2008      
2006 5.50 07.02.2007 12.04.2007 13.04.2007 17.04.2007 24.04.2007
2005 5.50 03.02.2006 20.04.2006 21.04.2006 25.04.2006 03.05.2006
2004 5.43 03.03.2005 14.04.2005 15.04.2005 19.04.2005 29.04.2005
2003 5.43 04.03.2004 15.04.2004 16.04.2004 21.04.2004 30.04.2004
2002 5.43 05.03.2003 10.04.2003 11.04.2003 16.04.2003 30.04.2003

*)Historical dividends have been adjusted by a factor of 0.9048 to reflect value of subscription rights in an equity offering in 2005.

Mail: Norske Skog, PB 329, 1326 Lysaker, Norway
Visitors:Norske Skog, Oksenøyvn 80, 1366 Lysaker
Phone: +47 67 59 90 00
Main fax: +47 67 59 91 81
Corporate media:
Phone +47 67 59 90 00 / Contacts