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Norske Skog ASA

Transaction in Own Shares May 11, 2010

3687_dirs_2010-05-11_434c391e-4ee2-4380-835a-e6997844cfe3.html

Transaction in Own Shares

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Purchase of own shares

Norske Skog has bought 100,000 own shares at a price of NOK 8.4285 per share.

Norske Skog's own holding amounts to 331,493 shares after this purchase. The

shares will be used in connection with the employee share scheme, and they will

not be cancelled.

The purchase is done under the authorization to buy back up to 10 % of the

shares, given by the Annual General Meeting.

Oxenøen, 11 May, 2010

Norske Skog

Investor relations

For further information:

Media: The financial market:

Vice president corporate affairs 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)

[HUG#1414558]

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