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Trade in Elkem subject to notification
Date: 29.11.2002

ORK - Trade in Elkem subject to notification

Orkla's Financial Investments area has on 28 November 2002 bought 60,300 shares in Elkem ASA at a price of NOK 160 per share. After this transaction Orkla including subsidiaries owns 19,362,343 Elkem shares, representing 39.3% of the share capital.



Reference:
Erik Thuestad, AVP Investor Relations, Tel: +47 22 54 44 25


Date: 29. nov 2002 Kl 09.11