Norway's Supreme Court rejected Orkla's appeal in the tax dispute concerning realized convertible bonds issued by REC

 

Norway's Supreme Court has today rejected Orkla's appeal in the legal dispute concerning the taxation of a gain on subscription rights relating to convertible bonds issued by REC. The assessed tax already recognized in the profit and loss account was paid in 2009. The decision thus involves no further tax payments or accounting consequences for Orkla.

 

Orkla ASA
Oslo, 8. December 2011

Contacts:
Johan Chr. Hovland
SVP Corporate Communications and Public Affairs, Orkla ASA
Tel.: +47 91 76 34 91

Rune Helland

SVP Orkla Investor Relations
Tel.: +47 22 544411

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