09 Jan 2006

Sale of ownership stake in Nordic Paper

Norske Skog and M. Peterson & Søn A/S have reached an agreement for the sale of Nordic Paper, which has been owned 45 % by Norske Skog and 55 % by Peterson. The buyers consist of two people from Nordic Paper's current management team as well as external investors.
The sale will be booked in Q1 2006, and result in a small gain for Norske Skog.
Nordic Paper was established in October 2001, and is the world's largest producer of grease-proof paper grades.  It has two mills in Norway, and one in Sweden. The company has 400 employees and sales in 2005 of NOK 825 million.

Oxenøen, January 9, 2006

Corporate Communications