Trade subject to notification

All employees in Norway, Sweden, Denmark and Finland have been offered the opportunity of buying 60 or 120 Orkla shares at a price of NOK 116.50 per share minus a 20% discount.

On 30 November 1999, the following primary insiders purchased 120 shares in Orkla ASA at a price of NOK 93.20 per share. All the new shareholding figures include shares that have been subscribed for in connection with the preferential rights issue:

After the purchase,
Paul Bergqvist, Managing Director of Orkla Beverages, will have a total shareholding of 5,120 Orkla shares,
Bjørn Erik Næss, Director, Orkla ASA, will have a total shareholding of 4,336 Orkla shares,
Morten Ringvold, Director, Orkla ASA, and close relatives will have a total shareholding of 31,156 Orkla shares,
and Lisbeth Lindberg, Director, Orkla ASA, will have a total shareholding of 4,556 Orkla shares.