ORK - Share ownership programme for all employees

The Board of Directors of Orkla ASA has decided to offer Orkla shares at a 20% discount to all Orkla employees in Finland, Sweden, Denmark and Norway, i.e. a total of 18,850 persons. Each employee may buy up to 120 shares. The offer is valid from 23 November 1999 to 1 December 1999. The programme is intended to stimulate employees to long-term ownership in Orkla. The Group aims to continue this programme in the years ahead. When the results of the offer are known, Orkla will send a notice to the Stock Exchange reporting the share price at which employees are entitled to buy shares, the total number of shares purchased by employees and the names of any primary insiders who purchase shares under the programme.