Norske Skog (OSL:NSG) NSG - Purchase Of Own Bonds

Norske Skog (OSL:NSG) Norske Skog has bought back bonds totalling NOK 191 million (par value) in NSG 14 (NO 001 024 2548). This loan matures on October 26, 2009.

Norske Skog's own holding in NSG 14 after this purchase amounts to NOK 405.5 million, and the residual loan is NOK 344.5 million.

Oxenøen, January 15, 2009

NORSKE SKOG Investor Relations

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Norske Skog

www.norskeskog.com

ISIN: NO0004135633

Stock Identifier: XOSL.NSG