The publishing of Norske Skog's accounts for Q 4 2006 will take place on Wednesday, February 7th at 8:00 CET.

 

A live webcast will be held from Norske Skog's offices at 14:00 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 commences on Wednesday, 24th of January.

 

Special items in the accounts for Q 4, 2006

 

Net P & L effects from change in the value of energy hedging related to Norske Skog's energy contracts is positive with NOK 15 million.

 

A provision made in 2005 for a dispute concerning grid cost in Brazil, has been reversed with NOK 60 mill. in Q 4.  In the official accounts this is shown in the results for South America.

 

A negative result of NOK 84 mill. results from the buy back of the property at Oksenøyveien 80 (Norske Skog's head-office).  A provision was made for this in 2004 when the leasing agreement was changed from an operational lease to a financial lease.

 

None of the above mentioned items will have cash effect.

 

Currency effects Q4, 2006

 

Currency effects, shown under financial items, in total represent a positive result of approximately NOK 90.  The major part of this is non-cash effects.

 

Norske Skog's trade-weighted basked of currencies

 

Norske Skog's trade-weighted basket of currencies (the "Norske Skog Index") had an average value of 90.2 in Q 4, 2006, compared to 88.3 in Q 3, 2006, and 87.3 in Q 4, 2005. The value as per December 31st, 2006, was 88.8 compared to 90.6 on September 30th, 2006. The index started January 1st, 2002.

 

Oxenøen, January, 23rd, 2007
 
NORSKE SKOG

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