ORK – Trade subject to notification

On 9 November 1999, Tom Vidar Rygh, Executive Vice-President of Orkla ASA, purchased 4,008 suscription rights at a price of NOK 14.50 in the Orkla ASA rights issue. Seven subscription rights entitle the holder to subscribe for one new share at the subscription price of NOK 6.25 until 22 November 1999. Mr. Rygh’s shareholding now totals 52,624 shares , divided into 47,624 Orkla A shares and 5,000 Orkla B shares, and 51,632 subscription rights.