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 29 November 1999, the following primary insiders purchased 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 of 120 shares, Tom Vidar Rygh, Executive Vice-President of Orkla ASA, will have a total shareholding of 60,120 Orkla shares,
and after the purchase of 60 shares, Reidar Aaserød, Deputy Member of the Board elected by employees, will have a total shareholding of 60 Orkla shares.