Elimination of distinction between A shares and B shares

As previously announced, Orkla’s A shares and B shares will be consolidated into a single class of shares with equal rights. As from 16 December 1999, one common class of shares will be listed. In other words, 15 December 1999 will be the last trading day for B shares. When the rights emission has been completed, the total number of Orkla shares issued will be 219,246,336, each with a par value of NOK 6.25, and the share capital will total NOK 1,370,289,600.