Negotiations regarding a possible sale of Elkem AS

In response to news article in Dagens Næringsliv today, Orkla ASA hereby confirms that it is in negotiations with China National Bluestar regarding a possible sale of Elkem AS' silicon-related operations, including Elkem Solar. The agreement does not include the shares in Elkem Energi AS.

Orkla ASA will make a further announcement as and when appropriate.

Orkla ASA,
Oslo, 10 January 2011


Rune Helland, SVP, Investor Relations, tel: +47 22 54 44 11

Johan Chr. Hovland, SVP, Corporate Communication and Public Affairs,
tel.: +47 91 76 34 91


This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)