Norske Skog's share repurchase programme, announced on 14 July 2023, is now
completed.

The total number of shares purchased under the programme was 9 426 470 at an
average price of NOK 43.97 per share, for a total consideration of NOK 414 518
638.

Following the transactions, Norske Skog ASA owns a total of 9 426 470 own
shares, representing 10.00% of Norske Skog ASA's share capital.

The shares repurchased under the repurchase programme will be redeemed (i.e.,
cancelled), subject to resolution from Norske Skog ASA's General Meeting in
2024.

Overview of transactions.

Date                          Aggregate daily  Volume weighted        Total
                               volume (no. of    average price  transaction
                                      shares)            (NOK)  value (NOK)
06.11.2023                             76 224            45.97    3 504 337
Total transactions under the        9 426 470            43.97  414 518 638
programme:

Attachment: An overview of all the completed transactions under the programme
for the dates specified above is attached to this notification and available on
www.newsweb.no.

This is information is pursuant to the EU Market Abuse Regulation and subject to
the disclosure requirements pursuant to Section 5-12 the Norwegian Securities
Trading Act.

For further information:

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

Norske Skog Investor Relations:
Investor Relations Manager
Even Lund
Even.lund@norskeskog.com
Mob: +47 906 12 919