07 Nov 2011

Possible sale of Norske Skog Parenco

Norske Skog has reached a stage in negotiations with a potential buyer of the Norske Skog Parenco mill and the recovered paper business of Reparco Group in the Netherlands; whereby, Norske Skog has filed a request with Parenco's and Reparco's work councils for their advice on a proposed sales transaction.

If an agreement with the potential buyer is reached, the mill will be converted out of publication paper after 2012.  Norske Skog will provide more information when a transaction is presented to and approved by all the relevant governing bodies of the two parties. 

Norske Skog Parenco has a total publication paper capacity of 265 000 tonnes.

Oxen°en, 7 November 2011

Norske Skog
Communications and Public Affairs 

For further information:
Vice President Corporate Communication
Carsten Dybevig
Mob: (+47) 917 63 117
Financial markets:
Vice President Investor Relations
Tom Rogn
Mob: (+47) 948 55 659

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.