ORKLA - Orkla sells 1.5 million Elkem-shares

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ORKLA - Orkla sells 1.5 million Elkem-shares
14.10.2002: In the after-trade session on Friday 11 October 2002 Orkla sold 1.5 million Elkem-shares to Folketrygdfondet (The National Insurance Scheme Fund) at a price of NOK 177 per share.
After this transaction Orkla holds 36.6% of Elkem. The sale has been carried out in order to defend Orkla's total financial investment in Elkem. Enclosed pdf.file
Contact persons: Anders Berggren, Porfolio Manager, tel. +47 22 54 40 00 Ole Kristian Lunde, SVP Corporate Communications, tel +47 22 54 44 31
Date: 14. oct 2002 Kl 09.10