ORK - Trade in Elkem subject to notification

Date: 03.12.2002

Orkla's Financial Investments area has on 2 December 2002 bought 36,300 shares in Elkem ASA at a price of NOK 154.11 per share. After this transaction Orkla including subsidiaries owns 19,398,643 Elkem shares, representing 39.4% of the share capital.