Norske Skog ASA

Earnings Release • Feb 3, 2011

Norske Skog in Q4 2010: Weak results, slightly better outlook

Norske Skog reached gross operating earnings (EBITDA), adjusted for non-

recurring items, of NOK  479 million in the fourth quarter of 2010.

Oxenøen, 3 February 2011

Norske Skog

Corporate communications

This information is subject of the disclosure requirements acc. to §5-12 vphl

(Norwegian Securities Trading Act)

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