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Distributed: Oct 15, 2008

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Norske Skog (OSL:NSG) Norske Skog has bought back bonds totalling NOK 12 million (par value) in NSG 14 (NO 001 024 2548). This loan matures on October 26, 2009, and the bonds were bought at a price of 94.75.

Norske Skog's own holding in NSG 14 after this purchase amounts to NOK 214.5 million.

Oxenøen, October 15, 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: OSE.NSG



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