Information memorandum

Reference is made to Orkla's stock exchange notice as of 8. June 2007 regarding the agreement between Orkla and Alcoa to merge the two parties' soft alloy aluminium profile operations to form a leading global company.

Attached is the information memorandum in accordance with the rules of the Oslo Stock Exchange.
Ole Enger, CEO Sapa AB, tel. +4684595911
Svein Tore Holsether, CFO Sapa AB, tel. + 4795155222
Gabriella Ekelund, Communication Director, Sapa AB, tel. +46709530853
Rune Helland, SVP Investor Relations, Orkla ASA, tel.+4722544411