04 Jun 2009

NSG: CONTEMPLATED SECONDARY SALE OF SHARES

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION DIRECTLY OR INDIRECTLY INTO OR IN THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN OR IN ANY OTHER JURISDICTION IN WHICH OFFERS OR SALES WOULD BE PROHIBITED BY APPLICABLE LAW.
 
04 June 2009
 
Unionen AS - Tycoon Trading 5 ("Unionen") has decided to offer for sale up to 11,282,200 shares in Norske Skogindustrier ASA ("NSG"), representing approximately 5.9% of the issued and outstanding shares in NSG through a book-building process. The book-building period will start at 17:30 (CET) on 04 June 2009 and close at 08:30 (CET) on 05 June 2009 at the latest. The Managers may at any time close or extend the book-building period at its own discretion, but the book-building period will in no event close prior to 19:00 (CET) on 04 June 2009.
The pricing will be set through a bookbuilding process.
 
Unionen has retained Arctic Securities ASA and Pareto Securities AS to advise on and effect the secondary sale of the shares in NSG.
 
For further information please contact: Arctic Securities (tel: +47 2101 3200) or Pareto Securities (tel: +47 2287 8750).
 
This press release is for information purposes only and is not an offer to sell, or the solicitation of an offer to buy, any securities. The distribution of this press release and the offer and sale of the securities in certain jurisdictions may be restricted by law. Any persons reading this press release should inform themselves of and observe any such
restrictions.
 
This press release is not an offer of securities for sale in the United States. The offer and sale of the securities has not been, and will not be, registered under the United States Securities Act of 1933, as amended. The securities may not be offered or sold in the United States absent such registration or an applicable exemption from registration. There will be no public offering of the securities in the United States.
 
The managers are acting solely for the seller in relation to the transaction.