09 Sep 2005

Corrected pro forma figures - PanAsia

Norske Skog informed the market on September 7 about the planned acquisition of 50 % of the shares in PanAsia Paper, with attached pro forma figures.
In the release published on September 7, 50 % of PanAsia's net financials in full year 2004 was NOK 112 million. The correct figure is instead minus NOK 18 million.
Consequently, the pro forma consolidated net earnings for full year 2004 is NOK 656 million, as against NOK 786 million reported on September 7. No other changes are made to the pro formas, and no changes are made to the PanAsia stand-alone figures.
We ask you to disregard the spreadsheets attached to the release published on September 7. The correct pro forma figures and PanAsia stand-alone figures in one common document is attached to this release.
Oxenøen, 9 September, 2005
Corporate Communication
Contact person:  Jarle Langfjæran, phone + 47 6759 9338
Not for release, publication or distribution in Australia, France, the Hong Kong Special Administrative Region of the People's Republic of China, Japan, South Africa, Spain and the United States of America.
The information contained herein shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the securities referred to herein in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption of registration or qualification under the securities laws of any such jurisdiction.