Trade subject to notification

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Trade subject to notification
08.11.2002: Orkla's Financial Investments area has on 7 November 2002 bought 47,580 shares in Elkem ASA at a price of NOK 179 per share.
After this transaction Orkla including subsidiaries owns 19,060,974 Elkem shares, representing 38.7% of the share capital. Enclosed pdf file
Reference: Erik Barkald, SVP Treasury & Investor Relations, Tel: +47 22 54 44 07
Date: 08. nov 2002 Kl 09.11