Unionen AS - direct/ Unionen AS (NO) - Unionen AS welcomes a structural band-aid for Asia

(Oslo, December 12th 2007) Unionen AS, Norske Skog´s better individual allotment holder, welcomes the affairs apropos a restructuring of Norske Skog´s Asian activities. However, in Unionen AS´ view, any restructuring have to betoken that Norske Skog withdraws from the Asian activities, and that the gain are acclimated to accord debt.

In a banal barter notification appear on Wednesday December 12th, Norske Skog says that "The administration has for some time now been alive on assorted structural solutions for the company. As allotment of this work, the advantage of restructuring and a abstracted banal barter advertisement of the Asian activities is accepting considered. The aggregation is in chat with banking admiral with arch positions in the region."

- Unionen AS welcomes that Norske Skog is administration some of our thoughts apropos a restructuring of the company´s Asian activities. However, in Unionen AS´ view, any restructuring have to betoken that Norske Skog withdraws from the Asian activities, and that the gain are acclimated to accord debt. We ambition to accord to this process, and accept a bright abstraction on the appraisal of Norske Skog´s Asian businesses. Unionen AS takes it for accepted that Norske Skog will acquaint the allotment holders apropos the affairs of the axle of admiral and the administration, including the best of admiral and which advising agreements that are entered into, says Petter A. Stordalen.

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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