Reference is made to the successfully completed NOK 800 million private
placement of shares in Norske Skog ASA (the "Company"), as announced in the
Company's stock exchange announcements on 14 January 2021 (the "Private
Placement").

NS Norway Holding AS, (the "Selling Shareholder"), represented at the Company's
board of directors by the chairman John Chiang, has sold 11,764,705 shares in
the Private Placement at a price of NOK 34 per share.

Following the Private Placement, the Selling Shareholder will own 40,396,681
shares in the Company, equal to approximately 48.97% of the outstanding existing
shares and 42.85% of the total shares outstanding following the issue of
11,764,705 new shares in connection with the Private Placement, which is
expected to be resolved by the extraordinary general meeting of the Company to
be held on or about 5 February 2021.

This information is subject to the disclosure requirements pursuant to section
4-2 and 4-3 of the Norwegian Securities Trading Act.