17 Oct 2005

Result of Norske Skog's Rights Offering

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 subscription period and trading of the rights ended on Thursday, October 13.  Preliminary indications suggest a subscription take-up of between 97% and 98%.   The final result will not be known until all settlements take place, which is expected to be Thursday, October 20.  A press release with the final result will be issued at that time.
 
The information contained herein is not for publication or distribution in or into the United States of America.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.
 

Oxenřen, October, 17 2005

NORSKE SKOG

Investor Relations