Norske Skog - repair offering to shareholders - Seite 2

ABG Sundal Collier ASA acts as receiving agent in connection with the Offering.

Norske Skog
Corporate communication and corporate affairs

For further information:
Norske Skog media: Vice President Corporate Communication Carsten Dybevig Mob: [phone]	Norske Skog financial markets: Vice President Investor Relations Tom Rogn Mob: [phone]

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY, IN THE UNITED STATES, AUSTRALIA, NEW ZEALAND, CANADA, JAPAN, SOUTH KOREA OR BRAZIL OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL

IMPORTANT NOTICE
This announcement is not and does not form a part of any offer to sell, or a solicitation of an offer to purchase, any securities of the Company.

Copies of this announcement are not being made and may not be distributed or sent into the the United States, Australia, New Zealand, Canada, Japan, South Korea or Brazil or in any jurisdiction where such issuance would be unlawful.

The allocation rights and the offer shares have not been and will not be registered under the Securities Act or the securities laws of any state of the United States and may not be offered or sold within the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. The Offering is not being extended into the United States. Outside the United States, the allocation rights and offer shares are being offered outside the United States to non-US persons in offshore transactions (each as defined in Regulation S) in reliance on Regulation S under the Securities Act.

Any offering of the securities referred to in this announcement will be made by means of the prospectus. This announcement is not a prospectus for the purposes of Directive 2003/71/EC (as amended, together with any applicable implementing measures in any Member State, the "Prospectus Directive"). Investors should not subscribe for any securities referred to in this announcement except on the basis of information contained in the prospectus.

In any EEA Member State that has implemented the Prospectus Directive, this communication is only addressed to and is only directed at qualified investors in that Member State within the meaning of the Prospectus Directive.