Trade in Elkem subject to notification

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Trade in Elkem subject to notification
18.11.2002: Orkla's Financial Investments area has on 15 November 2002 bought 45,630 shares in Elkem ASA at a price of NOK 175.39 per share.
After this transaction Orkla including subsidiaries owns 19,118,472 Elkem shares, representing 38.8% of the share capital. Enclosed pdf file
Reference: Erik Thuestad, AVP Investor Relations, Tel: +47 22 54 44 25
Date: 18. nov 2002 Kl 09.11