Trade subject to notification

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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 30 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, Paul Bergqvist, Managing Director of Orkla Beverages, will have a total shareholding of 5,120 Orkla shares, Bjørn Erik Næss, Director, Orkla ASA, will have a total shareholding of 4,336 Orkla shares, Morten Ringvold, Director, Orkla ASA, and close relatives will have a total shareholding of 31,156 Orkla shares, and Lisbeth Lindberg, Director, Orkla ASA, will have a total shareholding of 4,556 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: 30. nov 1999 Kl 16.11