Sale of Orkla's hydropower assets in Bremanger closed


We refer to the notice to the Oslo Stock Exchange dated 5 October 2009 regarding Orkla-owned Elkem's sale of its hydropower plants in Salten and Bremanger.

Closing of the sale of Elkem Energi Bremanger AS have been pending receipt of governmental concession, which is now received. The transaction is today, on 21 December 2010, closed.



Orkla ASA

Oslo, 21 December 2010

Investor Relations contact:

Rune Helland, Tel: +47 2254 4411

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)