Norske Skog Skogn will enter the European market for book paper during the second quarter of 2026. The new product, branded NOR Book, will be offered in standard qualities pertaining to bulkiness, brightness, and shade. The net investment of NOK 40 million (EUR 3.5 million) at paper machine one (PM1) will provide flexibility to switch between newsprint and book paper with capacity of more than 140 000 tonnes. Norske Skog Skogn has together with the international technology group ANDRITZ developed a low capex project to enable production of both newsprint and book paper at PM1. Several trial runs have been completed with satisfying results. Following the switch to 100% virgin fibre at Skogn in 2024, the mill has the opportunity to produce bulky and bright paper utilising its high-quality thermomechanical pulp. The project will provide the opportunity to further increase paper bulk to cover the main grades of wood containing book paper. In addition, the customers will benefit from industry leading low CO2 emissions when choosing paper from the Skogn mill.

Third Quarter 2020 Highlights: *Third quarter income from continuing operations was $29 million, $43 million better than comparable quarter in 2019 *Third quarter Adjusted EBITDA of $55 million, up $19 million from comparable quarter in 2019 primarily driven by higher lumber prices, improved reliability in High Purity Cellulose operations and lower costs *Generated $34 million of Free Cash Flow through the third quarter driven by reduced capital expenditures and improved working capital *Improved liquidity of $196 million, excluding a $33 million cash tax refund expected in fourth quarter plus an additional $22 million expected over the next twelve months

President and CEO Ilkka Hämälä: "Like last year, the first quarter of 2025 was marked by low demand and a weak financial result. Comparable result improved from the first quarter of 2024, largely because of the impact of political strikes in the comparison period. The market outlook for business areas is consistent with previous reports. Wood supply is progressing as planned at a slightly increasing price level, while demand in the mechanical forest industry is not showing signs of recovery in the construction industry. Demand for Kerto® LVL has remained at a good level, and sawn timber prices have increased during the first quarter. Market development of the pulp business is affected by the uncertainties concerning China’s economy, and the increased capacity of eucalyptus pulp. However, the price indexes for both the Chinese and European markets increased slightly in the first quarter.