Ahlström Collective Impact (ACI), a joint responsibility initiative by a group of companies and foundations, will continue supporting UNICEF’s global education efforts in 2025 and remains committed to advancing children’s rights in business. This year, Ahlström Collective Impact’s contribution to UNICEF’s education work amounts to over €750,000. Support from the private sector is critically important in today’s increasingly complex global landscape, where cuts by several donor countries to international aid threaten UNICEF’s global efforts to uphold children’s rights.

The key terms of the proposed recapitalization transaction are: - Issuance of a new senior secured EUR 250 million bond loan carrying 8.5 % interest with a 2022 maturity to the owners of the EUR 290 million bond loan and the EUR 100 million NSF-facility. The new bond loan will have the same collateral security as today's secured debt. The existing claims of the secured bond loan holders and NSF-lenders in excess of EUR 250 million, including accrued interest, will be converted to equity. - The conversion into equity of all outstanding unsecured bond debt amounting to approximately EUR 500 million including accrued interest. - After such conversions, the equity ownership of Norske Skogindustrier ASA will be split as follows: a. Secured note holders: 91.0 % b. Unsecured noteholders: 6.3 % c. Existing shareholders: 2.7 % - The board will propose an equity offering by Norske Skogindustrier ASA of up to approximately NOK 500 million with preferential rights for existing unsecured bondholders and shareholders, allocated by approximately NOK 300 million to the unsecured bondholders and approximately NOK 200 million to the shareholders. If fully subscribed, this will entail an increase in their ownership interest from 9 % to approximately 28 %. The subscription price will be set at a valuation of 6x the revised 2017 GOE guidance of EUR 75 million. - Warrants will be issued for up to 10 % of the equity in Norske Skogindustrier ASA to those who have subscribed to the above equity offering. The warrants entitle the holders to subscribe for shares if the sum of the group's average net debt and market value exceeds EUR 525 million in a consecutive period of 6 months prior to 30 June 2019. The subscription rights expire worthless on 30 June 2019 if not exercised. Click Read More below for additional detail.

Today, the Bruck paper mill will gradually resume production as energy markets have stabilised to some extent and commercial terms reflecting the current energy situation have been entered into with customers. The new energy boiler is progressing well with its commissioning phase. The boiler is scheduled for takeover in April and will reduce the mill’s gas consumption and improve its energy supply. With somewhat calmer energy markets and required commercial terms, we are pleased that the Bruck paper mill is able to gradually resume production. The new energy boiler, in combination with the existing gas turbine, will give Bruck improved energy flexibility in increasingly uncertain energy markets, says Sven Ombudstvedt, President and CEO of Norske Skog.