Norske Skog ASA

Notice of Dividend Amount • Nov 14, 2023

Distribution of dividend of NOK 0.67 per share

Distribution of dividend of NOK 0.67 per share

Norske Skog ASA's (“Norske Skog”) Board of Directors has, based on the authorisation approved by the General Meeting on 20 April 2023, decided to pay a cash dividend to Norske Skog's shareholders of NOK 0.67 per share. The dividend is based on the 2022 annual accounts.

Norske Skog received on 12 June 2023 consent from a group of lenders to make shareholder distributions in an amount up to NOK 472 million. Following completion of the share repurchase programme on 6 November 2023, Norske Skog ASA had utilised approximately NOK 415 million of the distribution amount. The remaining amount of approximately NOK 57 million will be distributed through a cash dividend payment.

An announcement of key information will be published separately.

Communication and Public Affairs

Norske Skog media:

Vice President Corporate Communication and Public Affairs

Carsten Dybevig

carsten.dybevig@norskeskog.com

Mob: +47 917 63 117

Norske Skog Investor Relations:

Investor Relations Manager

Even Lund

even.lund@norskeskog.com

Mob: +47 906 12 919