Norske Skog ASA ("Norske Skog", Oslo Børs ticker: NSKOG) has been notified that
the following transaction has been completed today, 29 December 2023, by primary
insiders in Norske Skog.

Investor AS, a company controlled by and a close associate of primary insider
Geir Drangsland (Chief Executive Officer of Norske Skog), has purchased 27,500
shares from Geir Drangsland for an average price of NOK 41.40 per share. After
the transaction, Geir Drangsland controls 22,274,079 shares in Norske Skog,
unchanged from the amount controlled prior to the transaction.

Please refer to the attached notifications of trade 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, +47 906 12 919