Oslo, 12 June 2024: Norske Skog ASA ("Norske Skog" or the "Company") has
mandated DNB Markets and Pareto Securities AS as Joint Lead Managers to arrange
a series of fixed income investor meetings commencing on 12 June 2024. A new
5-year senior unsecured bond issue of NOK 1 400 million may follow, subject to
inter alia market conditions.

The net proceeds from the contemplated 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.

In conjunction with the contemplated bond issue, Norske Skog will offer a
conditional buyback of NSKOG02. Subject to completion of the contemplated bond
issue, Norske Skog will call the remaining net outstanding amount of NSKOG02 in
whole.

Norske Skog has obtained support from DNB for a NOK 500 million term loan at
Norske Skog Skogn and a NOK 50 million overdraft facility at the Company level
to replace its existing but undrawn EUR 31 million Revolving Credit Facility.
These facilities are expected to be entered into during the third quarter of
2024.

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