Key information relating to change of ISIN

Reference is made to the stock exchange notice on 16.02.2021.

Information to Bondholders.

Merge of the temporary bonds with ISIN NO0010936073 (the "Temporary Bonds") into Norske Skog ASA FRN senior secured EUR 150,000,000 callable bonds 2021/2026 with ISIN NO0010936065 (the "Bonds").

The Temporary Bonds will be merged with the Bonds in accordance with the bond terms as follows:

Record Date: 3 May 2021
Settlement Date: 5 May 2021
Exchange ratio: 1:1 (one Temporary Bond will give one Bond)

The total outstanding amount of Bonds after the merge will be EUR 150,000,000.

Nordic Trustee AS acts as Bond Trustee for the Bonds and the Temporary Bonds.

This information is published in accordance with the requirements of the Bonds.

For further information:

Norske Skog media:
Vice President Communication and Public Affairs
Carsten Dybevig
Email: Carsten.Dybevig@norskeskog.com
Mob: +47 917 63 117

Norske Skog financial markets:
Investor Relation Manager
Even Lund
Email: Even.Lund@norskeskog.com
Mob: +47 906 12 919