Sale of real estate assets

Orkla has entered into an agreement of intent on the sale of its shares in real estate projects at Fornebu, Oslo, to Scandinavian Property Development.

If the parties come to an agreement, the final contract is expected to be signed in the first quarter of 2007.
 
The book value of these shares is NOK 77 million. The gain on the sale is expected to total at least NOK 200 million.
 
 
 
Ref.:
Rune Helland, SVP, Investor Relations, Tel: +4722544411
Ole Kristian Lunde, SVP , Corporate Communications, Tel: +47 22 54 44 31