Norske Skog has announced to employees and stakeholders inNew Zealand that due to the likely irreversible and rapid negative impact that COVID-19 has had on the newsprint industry in the region, the group has engaged in a broad process to identify alternative production options to reposition theTasman newsprint mill at Kawerau industrial site inNew Zealand .Norske Skog will perform a strategic review process for theTasman newsprint mill, which is located at the Kawerau industrial site close to the east coast of theNorth Island . The mill has a total annual production capacity of 150,000 tonnes. Several options for the long term future of this industrial site are being considered. Once a preferred option is identified, a proposal will be put forward for consultation with employees at the mill. One option, which is currently being developed, is to establish a BCTMP (bleached chemical thermo-mechanical pulp) facility at the mill site.KPMG has been engaged to assistNorske Skog with the review process. AboutNorske Skog Norske Skog is a world leading producer of publication paper with strong market positions and customer relations inEurope andAustralasia . TheNorske Skog Group operates four mills inEurope of which two will produce recycled containerboard following planned conversion projects. In addition, the Group operates two publication paper mills and a pellets facility inAustralasia .Norske Skog aims to further diversify its operations and continue its transformation into a growing and high-margin business through a range of exciting fibre projects. The Group has approximately 2,300 employees in five countries, headquartered inNorway and listed on theOslo Stock Exchange under the ticker NSKOG. For further informationNorske Skog media: Vice President Corporate Communication and Public AffairsCarsten Dybevig carsten.dybevig@norskeskog.com Mob: +47 917 63 117 Twitter: @Norske_SkogNorske Skog investor relations: Investor Relations Manager EvenLund even.lund@norskeskog.com Mob: +47 906 12 919
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