Business News

Information in connection with the annual general meeting in Norske Skog

Wednesday 02. April 2008 - As communicated earlier, the annual general meeting (AGM) in Norske Skogindustrier ASA will be held on Thursday 24 April 2008 at 1100 hrs. in Colosseum Kino in Oslo.

PDF versions of the annual report and notice of the AGM with agenda are available at Norske Skog’s website (www.norskeskog.com) as of today. A complete notice as well as a printed version of the 2007 annual report will be sent to the shareholders no later than 14 days before the AGM in accordance with the company’s bylaws.
 
In addition to the consideration of the regular items, information concerning the company’s strategic work will be given during the AGM.
 
The company has previously communicated that one of its key priorities is to reduce its net debt by improving cash flow from operations and asset transactions. Norske Skog is continuously working to review and realise a number of alternatives, and has retained ABG Sundal Collier and UBS as financial advisors and the law firm Wiersholm as its legal advisor to assist the company in this respect.
 
As reported at the end of the fourth quarter of 2007, Norske Skog has a significant liquidity reserve, and the company has no major loans which fall due in the next 18 months