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Buyback of shares

Orkla ASA purchased yesterday on 18 October 1999 a total of 180.000 B shares in Orkla ASA at NOK 97,43 per share. The shares were purchased through a broker. Orkla has also transferred a total of 179,000 B shares to key personnel in the Group (See separate notice regarding “Share purchase scheme for key personnel”). After these transactions, the Orkla Group has a total holding of 7,199,508 shares in Orkla ASA (incl. 80% of the shares owned by Oktav Invest) consisting of 5,926,859 A-shares and 1,272,649 B-shares.




Ref.:
Lisbeth Lindberg, SVP Information/Investor Relations
Tel.: +47 22 54 44 23
Astrid Løken Øyehaug, Investor Relations
Tel.: +47 22 54 44 25
Anne Borgen Sturød, Investor Relations
Tel.: +47 22 54 44 18

Date: 19 October 1999


Date: 19. oct 1999 Kl 10.10