Reference is made to press release dated 20 November 2023.

On 7 February 2024, the board of directors of Norske Skog ASA ("Norske Skog" or
the "Company") has agreed to adjust the exercise price of the 272,000 synthetic
options previously awarded to the Chief Executive Officer and primary insider of
Norske Skog, Geir Drangsland, from NOK 72.92 to NOK 42.18 to reflect the share
price at the first day of employment.

Further details of the primary insider transactions pursuant to the EU Market
Abuse Regulation article 19 are attached.

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

Norske Skog
Communications and Public Affairs 

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 capital markets:                                                    
                                            
Vice President Corporate Finance
Even Lund 
Email: Even.Lund@norskeskog.com 
Mob: +47 906 12 919