23 Jun 2004

Purchase of 39,500 own shares

Norske Skog has today bought 39,500 own shares at a price of NOK 117.93.
Norske Skog's own holding amounts to 644,976 shares after this purchase, which is done under the authorization to buy back up to 10 % of the shares, given by the Annual General Meeting.
The shares will be used in connection with the employee share scheme and for bonus payments, and they will not be cancelled. The current buy-back program is limited to 500,000 shares and goes on until December 31, 2004.

Oxen°en, 22 June 2004

Investor Relations