NSKOG02 - Exercise of voluntary early redemption (call option)

Issuer: Norske Skog ASA (the "Company")
ISIN for the bond issue: NO0010936065
Date of redemption: 1 July 2024
Redemption amount: EUR 115,600,000
Redemption price: 102.2% of the nominal amount

The Company has today notified Nordic Trustee AS, as bond trustee on behalf of the bondholders, of the exercise of its call option and redemption of all outstanding bonds in an aggregate nominal amount of EUR 115,600,000 under the above mentioned bond loan.

The Company will redeem the EUR 115,600,000 nominal amount (plus accrued and unpaid interest to but not including the redemption date) at a redemption price equal to 102.2% of the nominal amount for each redeemed bond, with redemption date 1 July 2024. The record date for the call option will be 27 June 2024.

For further information:

Vice President Communication and Public Affairs
Carsten Dybevig
carsten.dybevig@norskeskog.com
Mob: +47 917 63 117

Vice President Corporate Finance
Even Lund
even.lund@norskeskog.com
Mob: +47 906 12 919