Reference is made to the press release dated 9 June 2021 regarding the closure
of the newsprint production in June 2021 at the Tasman mill in New Zealand.
Norske Skog has completed a transaction for the sale of the Tasman mill
industrial site and remaining mill assets to the Australasian pulp, paper, and
packaging group Oji Fibre Solutions for approximately NOK 70 million (NZD 10.9
million). The sale of the mill site and realisation of certain other related
assets, including buildings, electricity equipment, piping, water, and other
infrastructure, will generate a total financial gain on sale of approximately
NOK 57 million (NZD 8.8 million).

"We are pleased to finally have concluded this sales agreement with Oji after
lengthy process of negotiations and obtaining all required regulatory approvals
for the sale. The sale of the Tasman industrial site to Oji is a material steps
towards concluding Norske Skog's long-term business commitment in New Zealand,"
commented Geir Drangsland, President and CEO of Norske Skog.

The cash proceeds from the transaction were be received on 10 October 2023.
Following this transaction with Oji, Norske Skog only retains some rural land
areas, and some other land areas previously used for industrial landfilling and
water treatment facilities, where there are ongoing processes to complete the
required closure steps before a sale process will be executed also for these
areas.

About Oji Fibre Solutions
Oji Fibre Solutions is one of Australasia's leading pulp, paper and packaging
manufacturers, and is owned by Oji Holdings Corporation. Most of Oji Fibre
Solutions' operations are based in New Zealand. It employs over 1,800 people in
New Zealand and Australia. Oji Fibre Solutions is owned by Oji Holdings
Corporation, which is based in Japan and is one of the largest companies in the
global forest, paper and packaging sector. Its operations in New Zealand now
include Pan Pac, based in Hawkes Bay, Southland Plantation Forest Company of New
Zealand and Oji Fibre Solutions.

About Norske Skog
Norske Skog is a world leading producer of publication paper with strong market
positions and customer relations in Europe and Australasia. The Norske Skog
Group operates four mills in Europe, which produce publication paper, recycled
packaging paper, energy and bioproducts. In addition, the Group operates one
paper mill in Australia. Norske Skog aims to further diversify its operations
and continue its transformation into a growing and high-margin business through
a range of promising energy and bio product development projects. The Group has
approximately 2 100 employees, is headquartered in Norway and listed on the Oslo
Stock Exchange under the ticker NSKOG.