NorskeCanada, in which Norske Skog has had a 30.6% shareholding, has acquired the B.C. operations of Newstech Recycling, a company which produces de-inked pulp. Payment is partly in new NorskeCanada shares. A total of 8,693,988 new shares is issued, thereby reducing Norske Skog's shareholding to 29.4 %. The new percentage will be used for consolidation purposes as from December 01, 2003.

More information about the transaction can be found on NorskeCanada's web site www.norskecanada.com

 

 

Oxenøen, December 2, 2003

Norske Skog

Corporate Communication