30 Sep 2005

NSG - START OF SUBSCRIPTION PERIOD

The subscription period in Norske Skog`s rights offering and trading in the subscription rights starts today. The
rights will trade under ticker code NSGT and with the ISIN number NO 001 0285059 until October 13, 2005.

The subscription period ends on October 13, 2005, and
trading in the new shares is expected to begin on October
26, 2005.
 
Oxen°en, September 30, 2005
NORSKE SKOG
Corporate Communication

 
 
 
 
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The information contained herein is not for publication or
distribution in or into the United States of America.  The
materials do not constitute an offer of securities for sale
in the United States, nor may the securities be offered or
sold in the United States absent registration or an
exemption from registration as provided in the Securities
Act of 1933, as amended, and the rules and regulations
thereunder.  There is no intention to register any portion
of the offering in the United States of America or to
conduct a public offering of Securities in 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.