Oslo, 14 June 2024: Norske Skog ASA ("Norske Skog" or the "Company") has
successfully completed a NOK 1 400 million senior unsecured bond issue with a
5-year tenor. The bonds will carry a coupon of 3 months NIBOR + 4.50% per annum.
The transaction attracted strong investor interest and was significantly
oversubscribed.

Settlement of the bond issue is expected to occur on or about 25 June 2024. The
net proceeds from the bond issue will be used to refinance the Company's
existing NSKOG02 EUR 150 million senior secured bonds (ISIN NO 0010936065) and
for general corporate purposes. An application will be made for the bonds to be
listed on the Oslo Stock Exchange.

DNB Markets and Pareto Securities acted as Joint Lead Managers in connection
with the placement of the bond issue.

About Norske Skog ASA
Norske Skog is a 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 Company 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.

For further information:

Norske Skog media: 					                                                        
                                    
Vice President Communication and Public Affairs 		
Carsten Dybevig 						
Email: carsten.dybevig@norskeskog.com   			 
Mob: +47 917 63 117 					

Norske Skog capital markets:    
Vice President Corporate Finance
Even Lund
Email: even.lund@norskeskog.com   
Mob: +47 906 12 919