Norske Skog has entered into agreement with Boyer Capital Pty Ltd, to sell the Boyer mill at an enterprise value of approximately NOK 190 million. The transaction is expected to be completed during the first quarter of 2025. “We are very pleased to conclude our orderly exit from Australasia with the divestment of the Boyer mill. The discussions with David Marriner and Boyer Capital have been ongoing for some time and we believe they represent the ideal owner to both continue the production of publication paper and develop the industrial site for future activities. Norske Skog will now focus fully on the successful ramp-up of containerboard production at the Golbey mill and completing the BCTMP study at the Saugbrugs mill”, said Geir Drangsland, CEO of Norske Skog.

Overview • Q2 2023 operating loss of $67 million including a $57 million reversal of a previously recognized inventory write-down; • Strong earnings continued at the Company’s European and US South operations with persistent challenges in British Columbia • Sustained pressure on global lumber market fundamentals and pricing, particularly in North America • Increased North American lumber production & shipments despite ongoing curtailments in British Columbia and permanent closure of Chetwynd facilities and temporary closure of Houston sawmill • Significant deterioration in global pulp market fundamentals; closure of the pulp line at Prince George Pulp and Paper Mill; subsequent to quarter-end, short curtailment of Northwood NBSK pulp mill amidst British Columbia port strike

Neenah, Inc. announced that on November 19, 2020, its Board of Directors renewed the Company’s share repurchase plan for up to $25 million of its outstanding common stock effective January 2021. The current share repurchase plan remains in effect through December 31, 2020. Purchases by the Company under the program would be made from time to time in the open market or in privately negotiated transactions in accordance with the requirements of applicable law. The timing and amount of any purchases will depend on share price, market conditions and other factors. The program does not require the Company to purchase any specific number of shares and may be suspended or discontinued at any time.