25 Oct 2005

MANDATORY NOTIFICATION OF TRADE

Not for release, publication or distribution in Australia, France, the Hong Kong Special Administrative Region of the People's Republic of China, Japan, South Africa, Spain and the United States of America.
 
The following primary insiders have purchased shares in Norske Skogindustrier ASA in connection with the company's rights offering 30 Sept - 13 Oct 2005 (new holding):
 
Kjetil Bakkan, 67 shares (225)
Halvor Bjørken, 501 shares (3,591)
Jan H. Clasen, 420 shares (2,054)
Jarle Dragvik, 1,071 shares (4,711)
Lars W. Grøholt, 1,332 shares (4,442)
Ivar B. Korsbakken, 591 shares (1,973)
Anne K. Kvam, 48 shares (700)
Kåre Leira, 437 shares (1,457)
Vidar Lerstad, 850 shares (6,676)
Øivind Lund, 598 shares (1,995)
Asbjørn Lundberg, 300 shares (1,708)
Ketil Lyng, 393 shares (4,970)
Gisele Marchand, 128 shares (428)
Rolf Negård, 865 shares (2,884)
Jan A. Oksum, 6,721 shares (22,404)
Christian Rynning-Tønnesen, 612 shares (2,042)
Hanne Aaberg, 964 shares (3,215)
 
The shares were purchased at a price of NOK 70 per share.

Oxenøen, 25 October, 2005

NORSKE SKOG
Investor Relations

The information contained herein is not for publication or distribution in or into the United States of America. The materials do not constitute an offer of securities for sale in the United States, nor may the securities be offered or sold in the United States absent registration or an exemption from registration as provided in the Securities Act of 1933, as amended, and the rules and regulations thereunder. There is no intention to register any portion of the offering in the United States of America or to conduct a public offering of Securities in the United States of America.
The information contained herein shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the securities referred to herein in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption of registration or qualification under the securities laws of any such jurisdiction.