Trade subject to notification

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Trade subject to notification - Elkem
28.10.2002: Orkla's Financial Investments area has on 25 October 2002 bought 17,600 shares in Elkem ASA at a price of NOK 179 per share.
After this transaction Orkla including subsidiaries owns 18,867,422 Elkem shares, representing 38.3% of the share capital. Pdf.file enclosed
Reference: Ole Kristian Lunde, SVP Corporate Communication, Tel: +47 22 54 44 31
Date: 28. oct 2002 Kl 08.10