Issuer: Norske Skog ASA (the "Company")
ISIN for the bond issue: NO0010936065
Date of redemption: 15 April 2024
Redemption amount: EUR 34,400,000
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 partial exercise of its call option and redemption of
outstanding bonds in an aggregate nominal amount of EUR 34,400,000 under the
above mentioned bond loan.

The Company will redeem the EUR 34,400,000 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 15 April 2024. The record date for the call option will be 11 April 2024. 

The redemption amount will be applied for pro rata payment to the bondholders in
accordance with the applicable regulations of Euronext VPS. In accordance with
the bond terms, the redeemed bonds will be retained by the Issuer and not
discharged.

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