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Relocation of Norske Skog's Headquarters

Lysaker, Norway 18 January 2013 -- The President and CEO, Sven Ombudstvedt, has signed a lease contract for Norske Skog's new headquarters at Skøyen. The headquarters will be located centrally at Skøyen in Fram Eiendom's new building in 49 Karenslyst Allé in Oslo. The move will take place in early June 2013.

Norske Skog has undergone a major reorganisation and downsizing in recent years, reducing the need for the large premises at Oxenøen.

- Norske Skog is a very different company today than it was just a few years ago. Our intention is to have timely, efficient and pleasant premises, adapted to the number of employees and our current business, says Ombudstvedt.

Norske Skog has had its headquarters at Oxenøen in the municipality of Bærum since 1998. Norske Skog and the landlord of the head office at Oxenøen (OBOS and Aspelin-Ramm) have agreed to terminate the current lease contract during June 2013.

- We have been very pleased with the premises at Oxenøen, and wish to thank the landlord for good cooperation during the lease period, says Ombudstvedt.

DNB Næringsmegling has assisted Norske Skog in the efforts to find new premises.


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