27 Jul 2006

Currency items etc., 2nd quarter 2006

The publishing of Norske Skog's accounts for Q 2 2006 will take place on Friday, August 11, at 8:00 CET.
 
A live webcast will be held from Norske Skog's offices at 13:00 CET the same day. More information about this event will be available on our web site www.norskeskog.com.  
 
The Silent Period ahead of the release starts on Monday, July 31.
 
Norske Skog's trade-weighted basket of currencies ( the "Norske Skog Index") had an  average value of 86.5 in Q 2, 2006, compared with 88.6 in Q 1, 2006, and 87.9 in Q 2, 2005. The value on June 30, 2006, was 86.8, compared with 87.5 on March 31, 2005. The index started Jan 1, 2002.
 
 
Special items in the accounts for Q 2, 2006
 
A provision of EUR 8 million (NOK 63 million) has been made in connection with de-manning. Net P & L effects from change in the value of energy hedging related to Norske Skog's energy contracts are a loss of NOK 186 million. Neither of these two items are included in EBIT/EBITDA for the regions. 
 
 
Oxen°en, July 27, 2006
 
NORSKE SKOG
Investor Relations