Norske Skog

Norske Skog (OSL:NSG) On 23 June, Norske Skog announced that the company had entered into an agreement to sell the wholly owned subsidiary Norske Skog Korea to Morgan Stanley Private Equity Asia and Shinhan Private Equity. The transaction comprises the two newsprint mills Jeonju and Cheongwon, and is part of the work to reduce Norske Skog's net debt.

Norske Skog Norske Skog's gross operating profit before depreciation and special items was NOK 601 million in the second quarter of 2008, up from 489 million in the first quarter. Sales volumes increased by about four per cent.

Norske Skog The announcement of Norske Skog's accounts for the second quarter of 2008 will take place on Thursday, 7 August at 0800 hrs. There will be a presentation with webcast at the company's premises at 1300 hrs. on the same date. More information about this event will be published on Norske Skog's website www.norskeskog.com.

Norske Skog Audun Røneid (51) comes from the position as CFO in Davie Yards Inc. in Canada.

Norske Skog Norske Skog sells the 5.2 hectare property Ranheim Vestre in Trondheim Municipality to Maja Eiendom for NOK 72 million.

Norske Skog The farm Hauger Gård lies between Hvitsten and Son in Vestby municipality, and comprises 301.5 hectare. The property consists of woodlands and fields, in addition to two residential properties and nine vacation properties.

Norske Skog Norske Skog divests the former newsprint mill Norske Skog Steti in the Czech Republic to Mondi. The agreed purchase price reflects the book value of the fixed assets in the company.

Norske Skog In connection with the annual sale of shares to employees, 147 more shares than originally ordered were allocated to one person. These shares are now returned to Norske Skog at the price of NOK 14, which was the price to employees. Norske Skog's holding of own shares is 294,090 shares after this transaction.

Norske Skog Norske Skog has entered into a definitive agreement to sell Norske Skog Korea Co. Ltd., its Korean Subsidiary for NOK 4.3 billion (USD 830 million) to Morgan Stanley Private Equity Asia and Shinhan Private Equity. The transaction includes the two newsprint mills Jeonju and Cheongwon, and is part of the process to reduce Norske Skog's net debt.

Norske Skog Norske Skog has the following financial calender for 2009: