02 Dec 2003

Reduced ownership share in NorskeCanada

NorskeCanada, in which Norske Skog has had a 30.6% shareholding, has acquired the B.C. operations of Newstech Recycling, a company which produces de-inked pulp. Payment is partly in new NorskeCanada shares. A total of 8,693,988 new shares is issued, thereby reducing Norske Skog's shareholding to 29.4 %. The new percentage will be used for consolidation purposes as from December 01, 2003.
More information about the transaction can be found on NorskeCanada's web site www.norskecanada.com
Oxen°en, December 2, 2003
Norske Skog
Corporate Communication