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Thursday, 23 November 2017

Aker ASA: Invited into the restructuring of Norske Skog

Aker ASA    

Published: 08:03 CET 23-11-2017 /GlobeNewswire /Source: Aker ASA / : AKER /ISIN: NO0010234552

Aker ASA: Invited into the restructuring of Norske Skog

Aker Capital AS ("Aker"), a wholly owned subsidiary of Aker ASA, and Oceanwood Capital Management LP ("Oceanwood"), have entered into an agreement to establish a company for the purpose of bidding for the shares in Norske Skog AS ("the Company"), a subsidiary of the listed Norske Skogindustrier ASA, in an auction process. The Company is the holding entity of Norske Skog's operating subsidiaries. Oceanwood is a creditor in the Company, and holds all of the NSF securitisation facility and a majority of the senior secured notes (the SSN). Aker and Oceanwood will be 50/50 owners of the new company.

After Aker has presented its Q3 results at Fornebuporten, at approximately 09:30 CET, Oceanwood and Aker will be available for a Q&A session.

For further information, please contact:

Per Kristian Reppe, Head of Investor Relations
Phone: +47 24 13 00 67
Mobile: +47 90 03 32 03

Atle Kigen, Head of Corporate Communications
Phone: +47 24 13 00 08
Mobile: +47 90 78 48 78

This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.

Joint press release
Aker invited into the restructuring of Norske Skog

This announcement is distributed by Nasdaq Corporate Solutions (One Liberty Plaza, 165 Broadway, New York, NY 10006. Tel: +1 212 401 8700. www.nasdaqomx.com) on behalf of Nasdaq Corporate Solutions clients. Source: Aker ASA, Postboks 1423 Vika, Oslo 0115, Norge
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