03 May 2004

Possible divestment of ownership in Nordic Paper

Norske Skog and M. Peterson & Søn A/S have started a process with the intention to sell Nordic Paper. The company is owned 45 per cent by Norske Skog, and 55 per cent by Peterson. It is expected that the selling process will be finalised during the summer of 2004.
Nordic Paper is the world's largest producer of greaseproof paper, with two mills in Norway and one in Sweden. The company has 415 employees and sales revenue in 2003 was NOK 800 million.

Oxenøen, 3 May 2004
Corporate Communications