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Norske Skog ASA

Major Shareholding Notification • Oct 21, 2022

3687_mrq_2022-10-21_03ffee3b-e05f-4677-957b-fe88be107bac.html

Major Shareholding Notification

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Disclosure of large shareholding

Byggma ASA, a company ultimately controlled by Geir Drangsland through Investor AS, has today 21 October 2022 purchased 20,000 shares in Norske Skog ASA (the "Company"). Byggma ASA will following completion of the share transaction hold 13,340,007 shares in the Company, corresponding to approx. 14,2 % of the total outstanding shares.

Consequently, Investor AS and its related parties will following completion of the share transaction hold in aggregate 18,855,844 shares in the Company, including the already held 5,515,837 shares corresponding to approx. 5,9 % of the Company's outstanding shares through the related party Drangsland Kapital AS.

In total, Investor AS and its related parties will hold 18,855,844 shares corresponding to approx. 20,0 % of the total outstanding shares in the Company.

This disclosure is made pursuant to Section 4-2 of the Norwegian Act on Securities Trading.