06 Aug 2004

NSG-Purchase of 50,000 own shares

Norske Skog has today bought 50,000 own shares at a price of NOK 118.30.

Norske Skog's own holding amounts to 769,976 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. Norske Skog has so far bought back 289,500 shares under the authorization.
 
Oxen°en, 05 August 2004
NORSKE SKOG
Investor Relations