Norske Skog ASA

Report Publication Announcement • Aug 13, 2010

S & P's credit rating on Norske Skog to B- from B

Standard and Poor's Rating Servides has revised its long-term credit rating on

Norske Skog to B-, from earlier B. The Negative Outlook is maintained. Norske

Skog does not have interest or covenants linked to the rating level on the

existing debt.

Press release from S&P is attached.

Oxenøen, 13 August, 2010

Norske Skog

Investor relations

For further information:

Media: The financial market:

Vice president corporate communication Vice president investor relations

Carsten Dybevig Jarle Langfjæran

Mob: +47 917 63 117 Mob: +47 909 78 434

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

(Norwegian Securities Trading Act)

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