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Trade subject to notification - options
26.01.2005: On 25 January 2005, in connection with Orkla's option programme, 12,000 options were exercised at a strike price of NOK 135.
A total of 1,885,846 options in Orkla have currently been issued. Moreover, Orkla has an exposure through a cash-settled financial derivative of 450,000 underlying shares in the hedge position related to the remaining part of the cash bonus programme.
 
Orkla currently holds 6,494,738 own shares.  



Ref.:

Ellen W. Ronęss, Manager, Shareholder Services, Tel.: +47 2254 4430


Date: 26. jan 2005 Kl 10.01