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 24 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,
Håkon Chr. Andersen, Managing Director of Orkla Foods, will have a total shareholding of 7,322 Orkla shares,
Roar Engeland, Director, Orkla ASA, will have a total shareholding of 4,202 Orkla shares,
Bent Fuglesang, Orkla ASA, will have a total shareholding of 28,349 Orkla shares,
John Jørgensen, Managing Director of Orkla Brands, will have a total shareholding of 26,680 Orkla shares,
Jan Lindh, Managing Director of Orkla Media, will have a total shareholding of 32,548 Orkla shares,
Egil M. Ullebø, Chairman of the Board of Directors of Borregaard, will have a total shareholding of 61.717 Orkla shares,
Bjørn M. Wiggen, Managing Director of Ringnes, will have a total shareholding of 21,916 Orkla shares,
Geir Aarseth, Director, Orkla ASA, will have a total shareholding of 3,686 Orkla shares,
Kjell Kjønigsen, Board observers elected by employees, will have a total shareholding of 138 Orkla shares,
Eva Bergquist, Board observers elected by employees, will have a total shareholding of 120 Orkla shares,
John Giverholt, Director, Orkla ASA, will have a total shareholding of 4,120 Orkla shares,
Tor Aamot, Director, Orkla ASA, will have a total shareholding of 4,620 Orkla shares, and
Jens Hoel, Orkla ASA, will have a total shareholding of 2,120 Orkla shares.