ORK - Trade in Elkem subject to notification

Date: 28.11.2002

ORK - Trade in Elkem subject to notification

Orkla's Financial Investments area has on 27 November 2002 bought 55,075 shares in Elkem ASA at a price of NOK 164.90 per share. After this transaction Orkla including subsidiaries owns 19,302,043 Elkem shares, representing 39.2% of the share capital.