Trade in Elkem subject to notification

Date: 29.11.2002

ORK - Trade in Elkem subject to notification

Orkla's Financial Investments area has on 28 November 2002 bought 60,300 shares in Elkem ASA at a price of NOK 160 per share. After this transaction Orkla including subsidiaries owns 19,362,343 Elkem shares, representing 39.3% of the share capital.