Mandatory notification of trade by Primary Insider

Norske Skog ASA ("Norske Skog", Oslo Børs Ticker: NSKOG) has been notified that the following transaction has been completed today, 21 March 2023, by a primary insider in Norske Skog:

Arvid Grundekjøn, board member and primary insider in Norske Skog, has today indirectly bought 10,000 shares in Norske Skog through Cardid AS for an average price of NOK 59.95 per share. After the transaction, Arvid Grundekjøn holds in Norske Skog 17,894 shares directly and 23,723 shares indirectly, in combination 41,617 shares.

Please refer to the attached notification of trading for further details.

This information is subject to the disclosure requirements in the EU Market Abuse Regulation (EU 596/2014 article 19) and section 5-12 of the Norwegian Securities Trading Act.

For further information, please contact:

Even Lund, Investor Relations Manager, ir@norskeskog.com, +47 90 61 29 19