Approval of the Corporate Assembly

	Print
Approval of the Corporate Assembly
13.01.2005: Reference is made to the notice sent to the Oslo Stock Exchange on 10 January 2005 concerning the acquisition of a controlling interest in Elkem.
Orkla's Corporate Assembly has today, Thursday, 13 January 2005, approved Orkla making a mandatory offer for all remaining Elkem shares. Since Orkla's investment in Elkem will thereby become a part of Orkla's industrial area, all Elkem shares that are owned by Orkla's subsidiaries will today be transferred to Orkla ASA. This concerns the following subsidiaries and shares: Rederiaktieselskapet Orkla: 7 shares Nordstjernen Holding AS: 200 496 shares Total: 200 503 shares The shares have been transferred at a price of NOK 235 per share. The total number of Elkem shares held by Orkla remains unchanged as a result of these internal transactions. Enclosed pdf file
Ref.: Terje Andersen, CFO, Tel: + 47 22544419 Ole Kristian Lunde, SVP Corporate Communications, Tel.: + 47 22544431
Date: 13. jan 2005 Kl 10.01