Release of material to Q4 results and presentation to The Norwegian Society of Financial Analysts on 20 February 2003

1. Presentation of Q4 results - Streaming and conference call
Orkla will report Q4 results on Thursday 20 February 2003. The results will be available at 8.00 a.m. Norwegian time, and will be presented to investors and analysts in the following ways:
 
1a) Material
PowerPoint-presentation including speaker's notes, spreadsheets and quarterly report will be available on Orkla's Internet pages www.orkla.com shortly after 8.00 a.m. Norwegian time.
 
1b) Streaming - in Norwegian
Both the presentation that takes place in Oslo at 12.00 a.m. Norwegian time and the following Q&A-session will be given in Norwegian and streamed directly to Orkla's Internet pages www.orkla.no.
 
1c) Telephone conference call - in English
The telephone conference call starts at 3.00 p.m. Norwegian time. A brief summary (approx. 10 minutes) of the Q4 presentation will be given before the Q&A-session commences.
 
Investors and analysts who wish to participate should call +47 23 000 400 and ask the operator for the Orkla presentation. Norwegian-based investors and analysts should dial 800 80 119. Please state your name and company. Press * followed by 1 to queue up for questions. Press * followed by 0 to contact the operator.
 
A recording of the telephone conference will be available for two weeks.
To access replay of the conference call, dial +47-22769121
Account number: 1141 followed by # (pound-sign)
Press 1
Conference number: 141 followed by # (pound-sign)
Press 1 to play
 
2) Presentation to The Norwegian Society of Financial Analysts
Right after the Q4 presentation Orkla will in association with The Norwegian Society of Financial Analysts give an in-depth presentation of the company, with the following agenda:
 
Performance and strategic direction
Value creation through
- operational excellence
- structural solutions
- strong organisations
 
The presentation will commence approx. 12.45 p.m. Norwegian time and will be given in Norwegian. It will be streamed directly to Orkla's Internet pages www.orkla.no. The presentation material is written in English and will be sent to the Oslo Stock Exchange and made available at Orkla's Internet pages approx. 12 p.m.