Norske Skog (OSL:NSG) Norske Skog has today sent the following release to Luxembourg Stock Exchange:

Norske Skog has bought back bonds totalling USD 61.6 million (par value) in a USD bond loan maturing on Oct 15, 2011. Together with earlier purchase, Norske Skog's own holding now amounts to USD 86.6 million, and the residual loan is USD 513.4 million. The loan has a coupon rate of 7 5/8 per cent and ISIN number is US656533AA45.

Oxenøen, November 24, 2008

NORSKE SKOG Investor Relations
This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.

Norske Skog

www.norskeskog.com

ISIN: NO0004135633

Stock Identifier: XOSL.NSG

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