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.

 

05 June 2009

 

Reference is made to the press-release dated 04 June 2009 regarding the contemplated Secondary sale of shares in Norske Skogindustrier ASA ("NSG") on behalf of Unionen AS - Tycoon Trading 5 ("Unionen").

 

Unionen has sold a total of 11,282,200 shares in NSG, representing approximately 5.9% of the issued and outstanding shares in NSG through a book-building process. The final price was set to NOK 11.50 per share.

 

Unionen own no shares in NSG subsequent to this sale.

 

Arctic Securities ASA and Pareto Securities AS were acted as joint lead managers for this transaction.

 

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.