Norske Skog: Share capital increase registered

Reference is made to the announcement earlier today regarding completed private placement of 63,460,714 new shares.

The share capital increase pertaining to the private placement has been duly registered in the Norwegian Register of Business Enterprises. Following the share capital increase, Norske Skog's registered share capital is NOK 253,406,340 divided into 253,406,340 ordinary shares each having a par value of NOK 1.00. The newly issued shares cannot be traded on the Oslo Stock Exchange before a listing prospectus has been completed and published, and have accordingly been issued with an ISIN separate from the ISIN of Norske Skog's listed shares pending completion of the prospectus.

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

Norske Skog
Communications and Public Affairs