25 Oct 2005

Equity Increase in Norske Skog

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 proceeds of the new issue have now been paid to Norske Skog, and the increase in capital has been registered in the Register of Business Enterprises. After the new issue, Norske Skog has a share capital of NOK 1,899,456,260 based on 189,945,626 shares, each with a par value of NOK 10.  Trading in the new shares starts tomorrow, Wednesday, October 26.
The new Company Certificate has been sent to the Oslo Stock Exchange.

Oxen°en, October 25, 2005


Investor Relations

The information contained herein is not for publication or distribution in or into the United States of America.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.