Chips - completion of Orkla's offer

09.03.2005: The offer period expired on 4 March 2005.

The final result shows that shareholders who, with Orkla, own approximately 97 % of the shares and 98.6 % of the votes had accepted the offer at the end of the offer period. The conditions for completing the offer have now been met. Orkla has announced that the offer will be completed as soon as the agreed amendments to Chips' Articles of Association have been registered and by 11 March 2005 at the latest.
In connection with the completion of the offer, Orkla's shareholding in Chips has exceeded two thirds of the votes in the company. In accordance with the Finnish Securities Trading Act, Orkla will therefore make a mandatory offer to buy the remaining Chips shares. Since Orkla's share of the shares and votes also exceeds nine tenths of Chips, Orkla will begin the process of redeeming all the outstanding shares in accordance with the Finnish Companies Act