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Buyback of shares

Orkla ASA has today on 20 August 1999, purchased a total of 1,000,000 A-shares in Orkla ASA at NOK 123 per share. The shares were purchased through a broker. After the buyback, the Orkla Group has a total holding of 6,798,508 shares in Orkla ASA (incl. 80% of the shares owned by Oktav Invest) consisting of 5,526,859 A-shares and 1,271,649 B-shares.


Ref.:
Lisbeth Lindberg, SVP Information/Investor Relations
Tel.: +47 22 54 44 23
Anne Borgen Sturød, Investor Relations
Tel.: +47 22 54 44 18


Date: 20. aug 1999 Kl 08.08