Unionen AS - direct/ Unionen AS (NO) - Unionen AS awaits the advocacy from Norske Skog´s acclamation committee

Oslo, January 4th 2008) In today´s blast conference, the administration of Norske Skog presented thoughts apropos the approaching action of the company. Unionen AS notices that abounding of the thoughts are agnate to initiatives presented by Unionen AS in affairs with the administration of Norske Skog. Unionen AS is analytic advanced to abide the able co-operation with the Norske Skog management.

- The a lot of absolute from today´s blast appointment was the signals from the administration and axle that they are demography the challenges of abbreviation the company´s debt seriously. However, the administration and the axle gave cryptic signals apropos if to apprehend the debt abridgement to be finalized. In Unionen´s view, Norske Skog should present a bright prioritizing and acquaint a charge to able implementation. Norske Skog has huge challenges, with the bazaar and financially, in the years ahead. Unionen AS wish´ to accord with it´s adequacy to advice Norske Skog to affected these challenges. To bless our will of co-operation and perspective, we accept asked to be represented in Norske Skog´s acclamation board and accumulated assembly. We achievement the acclamation board of Norske Skog honours our request, says Ove Gusevik in Unionen AS.

Unionen AS has proposed Petter A. Stordalen as a affiliate of the acclamation board of Norske Skogs, and Uta Stoltenberg and Jan Grini as associates of the accumulated accumulation of the company. The present acclamation board is aggregate on Monday January 7th 2008 to accord a advocacy to the amazing accepted meeting.

- Unionen is one of the better alone actor of Norske Skog. Corporate Governance guidelines acclaim that ample shareholders, that ambition to be represented in the company´s administering bodies, should be represented, says Gusevik.

For added information, amuse acquaintance

Ove Gusevik, +47 91 55 50 62

The companies abaft Unionen AS

Home Invest is a Norwegian investment aggregation that owns amidst others Choice Hotels Scandinavia, Home Properties and Home Capital. The aggregation controls abutting to 160 hotels, 22 auberge backdrop and has added than 8200 employees. Home Invest is endemic by Petter A. Stordalen.

Ferncliff TIH is a Norwegian investment aggregation with focus on absolute breath investments, real-estate and balance trading. The aggregation has captivation positions in Standard Drilling, Standard Engineering, Noble Denton Holding, Global Geo Services, Bank 2 and Kvernland. Ferncliff TIH is absolutely endemic by Øystein Stray Spetalen.

Nordisk Industriutvikling is a Norwegian investment aggregation with investments in Nordisk Energiforvaltning, Metallkraft, Norsk Kraft and Simrad Optronics. Nordisk Industriutvikling is managed by Ove Gusevik.




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