Norske Skog ASA

Regulatory Filings • Mar 21, 2022

Production to gradually resume today at the Bruck paper mill

Production to gradually resume today at the Bruck paper mill

Reference is made to the press release dated 9 March 2022, relating to temporary downtime at the Bruck paper mill due to unaffordability of production caused by unprecedented energy prices.

Today, the Bruck paper mill will gradually resume production as energy markets have stabilised to some extent and commercial terms reflecting the current energy situation have been entered into with customers. The new energy boiler is progressing well with its commissioning phase. The boiler is scheduled for takeover in April and will reduce the mill’s gas consumption and improve its energy supply.

- With somewhat calmer energy markets and required commercial terms, we are pleased that the Bruck paper mill is able to gradually resume production. The new energy boiler, in combination with the existing gas turbine, will give Bruck improved energy flexibility in increasingly uncertain energy markets, says Sven Ombudstvedt, President and CEO of Norske Skog.

Norske Skog

Communications and Public Affairs

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 financial markets:

Investor Relation Manager

Even Lund

Email: even.lund@norskeskog.com

Mob: +47 906 12 919

About Norske Skog

Norske Skog is a world 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, two of which will produce recycled containerboard following ongoing conversion projects. In addition, the Group 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 fibre development projects. The Group has approximately 2 150 employees , is headquartered in Norway and listed on the Oslo Stock Exchange under the ticker NSKOG.