Amortisation of own shares

Date: 26 August 2004

On 29 April 2004 the Annual General Meeting of Orkla adopted to reduce the company's share capital by NOK 10,044,693.75 by redeeming (amortising) 1,607,151 of the shares owned by Orkla ASA.

The amortisation (cancellation) of shares has now been carried out and the number of shares in the company has been reduced from 213,909,416 to 212,302,265. The share capital has been reduced from NOK 1,336,933,850 to NOK 1,326,889,156.25.
 
Following this amortisation Orkla owns 6,903,641 own shares.