Mandatory notification of trade by Primary Insider

Norske Skog ASA ("Norske Skog", Oslo Børs Ticker: NSKOG) has been notified that the following transaction has been completed today, 9 February 2023, by a primary insider in Norske Skog: Oceanwood Opportunities Master Fund (“OOMF”) has today bought 130,000 shares in Norske Skog for an average price of NOK 69.3136 per share. Oceanwood Capital Management LLP is the appointed investment manager to OOMF. Jen-Yue (John) Chiang, Chair and primary insider in Norske Skog, is a senior partner in Oceanwood Capital Management LLP. After the purchase, Oceanwood Capital Management LLP ultimately manages 370,000 shares (equal to approximately 0.4%) in Norske Skog ASA. Please refer to the attached notification of trading for further details. This information is subject to the disclosure requirements in the EU Market Abuse Regulation (EU 596/2014 article 19) and section 5-12 of the Norwegian Securities Trading Act. For further information, please contact: Even Lund, Investor Relations Manager, ir@norskeskog.com, +47 90 61 29 19