Norske Skog

Norske Skog (OSL:NSG) On 9 September, Norske Skog announced that it had sold the Oxenøen property at Lysaker, outside Oslo for NOK 429.5 million to a company owned by Aspelin Ramm and OBOS. The payment for this sale has now been received and the buyers have taken over the property.

Norske Skog (OSL:NSG) Norske Skog has bought back bonds totalling USD 25 million (par value) at a price of 68 per cent in a USD bond loan maturing on Oct 15, 2011. The loan has a coupon rate of 7 5/8 per cent and with ISIN number US656533AA45.

Norske Skog (OSL:NSG) Norske Skog's gross operating earnings before special items was NOK 712 million in the third quarter of 2008, up from NOK 601 million in the second quarter.

Norske Skog (OSL:NSG) Reference is made to the stock exchange release from Norske Skog dated 23 October, stating that all result effects after tax from sold units will be gathered under the item "Loss from discontinued operations". The figure totals around minus NOK 800 million.

Norske Skog (OSL:NSG) The announcement of Norske Skog's accounts for the third quarter of 2008 will take place on Thursday, 6 November at 0800 CET. There will be a presentation with webcast at the company's premises at 1300 CET on the same date. More information about this event will be published on Norske Skog's website www.norskeskog.com.

Norske Skog (OSL:NSG) In an interview today with news agency Bloomberg, CEO Christian Rynning-Tønnesen announced price increases for newsprint of 75 EUR/tonne in most European markets, and 100 EUR/tonne in the UK and certain other European markets. This is an increase of 15 to more than 20 per cent compared with the current price level.

Norske Skog (OSL:NSG) Norske Skog has bought back bonds totalling NOK 12 million (par value) in NSG 14 (NO 001 024 2548). This loan matures on October 26, 2009, and the bonds were bought at a price of 94.75.

Norske Skog (OSL:NSG) CHOREN Industries and Norske Skog have entered into an agreement for collaboration in the evaluation of second generation biofuel production in Norway.

Norske Skog (OSL:NSG) On 26 August 2008, Norske Skog announced that all outstanding matters concerning the completion of the sale of Norske Skog Korea to Morgan Stanley Private Equity Asia and Shinhan Private Equity had been clarified. Norske Skog confirms that the company today received the full settlement amount for the transaction. The sale of the property is part of the effort to reduce Norske Skog's debts.

Norske Skog (OSL:NSG) Norske Skog sells the Oxenøen property at Lysaker for NOK 429.5 million to a company owned by Aspelin Ramm and OBOS (Oslo Housing and Savings Society).