ORK - Acquisition of Atisholz approved

Date: 04.12.02

Orkla's Chemicals area Borregaard has on 4 December 2002 formally acquired the Swiss company Atisholz AG after contractual conditions including official approval and due diligence are finalised. Atisholz AG will change its name to Borregaard Schweiz AG and will be headed by Managing Director Gunnar Vikström who has been responsible for Borregaard LignoTech. Borregaard Schweiz operates within the cellulose and wood chemicals industry. This acquisition is in line with Borregaard's strategic plan to concentrate its activities in global niches.

(Confer stock exchange notification dated 04.09.2002.)