Norske Skog ASA

AGM Information • Apr 16, 2020

Annual General Meeting

1. April 2020

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Agenda

• 1. Opening of the general meeting, approval of notice and agenda
• 2. Election of a person to chair the general meeting and a person to cosign the minutes
• 3. Approval of the financial statements and the board of director's report for the financial year 2019 for Norske Skog ASA and the group, including distribution of dividends
• 4. The board of directors' statement on salary and other remuneration of executives
• 5. The board of directors' statement on corporate governance in accordance with section 3-3b of the Norwegian Accounting Act

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• 6. Election of members of the nomination committee and remuneration to governing bodies
• 7. Approval of the auditor's remuneration
• 8. Proposal of board authorisation to acquire own shares
• 9. Proposal of board authorisation for share capital increases

Norske Skog at a glance

Introduction to Norske Skog Geographic footprint

• Norske Skog is a major producer of newsprint and magazine paper (~2.3m tonnes capacity post Albury sale) with ~70 years of industry experience and approximately 2,300 employees
• Operates six paper production mills, four in Europe (~1.9m tonnes capacity, 81% of total) and two in Australasia (~0.4m tonnes capacity, 19% of total)
• Third largest producer of publication paper in Europe and sole domestic producer in Australasia
• HQ in Oslo (Norway) and listed on the Oslo Stock Exchange
• Board proposed dividend of NOK 6.25 per share for 2019, subject to AGM approval

High-quality and well maintained assets

- Corona update

Strategy: Green growth with synergies from existing operations - Taking care of our stakeholders: create value and good societies

Norske Skog ASA in 2019:

• Strong operating performance, challenging markets, low debt

Health & Safety, and Environment

Strong performance, more to come

Step change to come

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Norske Skog ASA Postal address: P.O. Box 294 Skøyen, 0213 Oslo, Norway Visitors: Sjølyst Plass 2, 0278 Oslo, Norway

Phone: +47 22 51 20 20 Email: info@norskeskog.com Email: ir@norskeskog.com