The farm Hauger Gård lies between Hvitsten and Son in Vestby municipality, and comprises 301.5 hectare. The property consists of woodlands and fields, in addition to two residential properties and nine vacation properties.

 

Petter Olsen is buying the properties from Norske Skog for NOK 43 million. The price corresponds to appraised value and gives a gain of around NOK 40 million.

 

Petter Olsen owns and operates Ramme Gård in the same area. Ramme Gård is an eco-cultural meeting place with cultural activities, and farming and guesthouse operations based on versatile and organic agriculture. Petter Olsen buys Hauger Gård to complete and expand the ecological farming, and to develop activities aimed at youths in cooperation with other players.

 

Hauger Gård will be developed in line with national and local plans, ensuring access for the public to the area and shoreline.

 

Oxenøen, 10 July 2008

 

Norske Skog
Corporate affairs

 

For further information:

 

Norske Skog:                                  Vice president corporate affairs Tom Bratlie Telephone:  +47 905 21 904

Petter Olsen: Property manager Calle Andersen Telephone:  +47 900 79 009