Trade in Elkem subject to notification

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Trade in Elkem subject to notification
21.11.2002: Orkla's Financial Investments area has on 21 November 2002 bought 37,108 shares in Elkem ASA at a price of NOK 176 per share.
After this transaction Orkla including subsidiaries owns 19,174,130 Elkem shares, representing 38.9% of the share capital. Enclosed pdf file
Reference: Erik Thuestad, AVP Investor Relations, Tel: +47 22 54 44 25
Date: 22. nov 2002 Kl 08.11