The Chief Executive Officer and primary insider of Norske Skog ASA ("Norske
Skog" or the "Company"), Geir Drangsland, has been awarded 272,000 synthetic
options with an exercise price of NOK 72.92 under Norske Skog's Long-Term
Incentive programme established in October 2019. The consideration under the
award is not to exceed two times the annual salary at the award date.

The synthetic options are settled by way of cash payment, for each option
comprising the difference between the exercise price and the fair market value
(calculated as the volume weighted average trading price over five trading
days). The synthetic options become exercisable after the first quarterly report
three years after the award date.

The synthetic options do not entitle the holder to acquire or subscribe for
shares. All synthetic options have been granted in accordance with the Company's
Long-Term Incentive programme described in the Company's Guidelines for
remuneration to leading personnel and the 2022 Report on salary and other
remuneration to leading personnel.

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.

About Norske Skog
Norske Skog is a world leading producer of publication paper with strong market
positions and customer relations in Europe and Australasia. The Norske Skog
Group operates four mills in Europe, two of which will produce recycled
containerboard following ongoing conversion projects. In addition, the Group
operates one paper mill in Australia. Norske Skog aims to further diversify its
operations and continue its transformation into a growing and high-margin
business through a range of promising energy and bio product development
projects. The Group has approximately 2 100 employees, is headquartered in
Norway and listed on the Oslo Stock Exchange under the ticker NSKOG.

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