ORK - Trade subject to notification

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ORK - Trade subject to notification

All employees in Norway, Sweden, Denmark and Finland have been offered the opportunity of buying 60 or 120 Orkla shares at a price of NOK 116.50 per share minus a 20% discount. On 25 November 1999, the following primary insiders purchased 120 shares in Orkla ASA at a price of NOK 93.20 per share. All the new shareholding figures include shares that have been subscribed for in connection with the preferential rights issue: After the purchase, Finn Jebsen, Executive Vice-President of Orkla ASA, and close relatives will have a total shareholding of 193,024 Orkla shares, Tom Stokstad, Deputy Member of the Board elected by employees, will have a total shareholding of 678 Orkla shares, and Per A. Sørlie, Managing Director of Borregaard, will have a total shareholding of 5,120 Orkla shares.
Ref.: Lisbeth Lindberg SVP Information/Investor Relations Tel: +47 22 54 44 23 Astrid L. Øyehaug Investor Relations Tel: +47 22 54 44 25 Anne B. Sturød Investor Relations Tel: +47 22 54 44 18
Date: 26. nov 1999 Kl 09.11