Transaction with NND to be completed early Q3 2026

The Norwegian Revised National Budget has been approved and the last remaining conditions precedent for completion of the transaction with Norsk nuklær dekommisjonering (NND) will be satisfied in the beginning of the third quarter of 2026.

The gain of NOK 330 million will be recognised at the time of completion in the third quarter of 2026, rather than in the second quarter as previously communicated. This will positively influence other operating income and EBITDA in the third quarter. Cash proceeds of NOK 780 million will also be received in the third quarter.

“We are very pleased with the efforts from all parties and stakeholders so far and look forward to concluding this complex transaction with NND”, says Geir Drangsland, CEO of Norske Skog.

About Norske Skog

Norske Skog is a producer of packaging paper and publication paper across four mills in Europe. Packaging paper includes testliner and fluting, and publication paper includes newsprint and magazine paper. The annual production capacity of packaging paper is 0.8 million tonnes, and the annual production capacity of publication paper is 1.2 million tonnes. Packaging paper and publication paper are sold through sales offices and agents. Norske Skog has approximately 1 650 employees, and the parent company, Norske Skog ASA, a public limited liability company, is incorporated in Norway and has its head office in Oslo. The company is listed on Oslo Stock Exchange with the ticker NSKOG.

Norske Skog Communications and Public Affairs

For further information:

Norske Skog media: Vice President Communication and Public Affairs Carsten Dybevig Email: carsten.dybevig@norskeskog.com Mob: +47 917 63 117

Norske Skog capital markets: Senior Vice President Corporate Finance Even Lund Email: even.lund@norskeskog.com Mob: +47 906 12 919