06 May 2010

Norske Skog in Q1 2010: Weak results characterised by low prices and higher input factor costs

Norske Skog reported gross operating earnings (EBITDA) of NOK 275 million in the first quarter of 2010, down from NOK 472 million in the previous quarter and NOK 504 million in the first quarter of 2009. The weak results were mainly caused by low prices for newsprint and magazine paper in Europe, combined with increased input factor costs.

See attached press release and quarterly report for more information.
Oxenøen, 6 May 2010
Norske Skog
Corporate communications

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)

Q1 2010 Norske Skog press release
Q1 2010 Norske Skog quarterly report