Norske Skog ASA

Environmental & Social Information • Apr 29, 2021

Innovative solution to the global plastics challenge

28 April 2021 – Nordisk Bioplastförening

Sustainable and innovative industry

• Global and sustainability focused industrial company
• Best-in-class industrial assets within fibre processing and sustainable energy
• Leading process industry knowledge and fibre refining competence
• Diversifying across fibre-based materials, energy and chemicals
• Strong commitment to the green shift and sustainable production

Solving plastic pollution requires more than one solution

• Plastics improve quality of life, but most plastics are fossil-based and takes +500 years to degrade
• Today, landfills contain over 6bn tonnes of plastics and only 9% of all plastics have been recycled
• Various plastic types and combinations, and different regulation makes recycling challenging
• Plastics have about 6 recycling cycles implying that virgin plastics continuously must be added
• Tighter regulation, waste plastic import bans and public opinion demand change
• Innovative solutions are needed

Taking a supply chain perspective

Substitute plastics with fibre in the recycling process to make it competitive with virgin plastics

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Invest in mechanical recycling technology to enable closed loop recycling of fibre-based plastic composites

Develop fibre-based plastic products together with customers designed for closed loop recycling

Replacing one kilo of plastics with fibre saves six kilos of CO² emissions

P Improves strength in virgin and recycled plastics P Increases value and lifetime of recycled plastics P Enables thinner materials (i.e. less consumption)

P Reduces product costs by replacing plastic with fibre

Wood fibre and recycled plastics will enable a circular economy

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Spruce fibre (TMP¹ ) sustainably increases length-of-life for plastics

CEBICO pilot enables further commercial development

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• Annual capacity of ~300 tonnes at Saugbrugs
• Pilot expected operational from H2 2021
• Qualification commercial development 2021/22
• Supported by Innovation Norway with NOK ~15m

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

This presentation contains statements regarding the future in connection with Norske Skog's growth initiatives, profit figures, outlook, strategies and objectives. All statements regarding the future are subject to inherent risks and uncertainties, and many factors can lead to actual profits and developments deviating substantially from what has been expressed or implied in such statements.