Norske Skog

11 Jul 2008

Norske Skog sells property in Trondheim to Maja Eiendom

Norske Skog sells the 5.2 hectare property Ranheim Vestre in Trondheim Municipality to Maja Eiendom for NOK 72 million.

Maja Eiendom plans to develop the area for residential purposes. This is in accordance with the municipal zoning plan for the area.

It is Norske Skog's wholly owned subsidiary Ranheim Eiendomsutvikling AS which sells the property. The sale will yield a recognised gain of about NOK 70 million before tax.

Eiendomsmegler 1 Midt-Norge has assisted Norske Skog with the sale.

Oxenøen, 11 July 2008

Norske Skog
Corporate affairs

For further information:
Norske Skog: Vice president corporate affairs Tom Bratlie Telephone: +47 905 21 904	Maja Eiendom: Roger Holmgren Telephone: +47 951 05 650