Trade subject to notification

Mr. Håkon Christian Andersen has in connection with the rights issue of Orkla ASA been granted 16 subscription rights and has on November 16 1999 subscribed for 2 new shares at nominal value NOK 6.25. After the rights issue his total shareholding consists of 7,202 shares.

Mr. Øystein Eskeland has in connection with the rights issue of Orkla ASA been granted 880 subscription rights and has on November 16 1999 subscribed for 125 new shares at nominal value NOK 6.25. After the rights issue his total shareholding consists of 5,005 shares.

Mr. Bent Fuglesang has in connection with the rights issue of Orkla ASA been granted 20,480 subscription rights and has on November 16 1999 subscribed for 2,925 new shares at nominal value NOK 6.25. After the rights issue his total shareholding consists of 28,229 shares.

Mr. Bjørn Erik Næss has in connection with the rights issue of Orkla ASA been granted 16 subscription rights and has on November 16 1999 subscribed for 2 new shares at nominal value NOK 6.25. After the rights issue his total shareholding consists of 4,018 shares.

Mr. Svein Ribe-Anderssen has in connection with the rights issue of Orkla ASA been granted 532 subscription rights and has on November 16 1999 subscribed for 76 new shares at nominal value NOK 6.25. After the rights issue his total shareholding consists of 712 shares.

Mr. Bjørn Savén has in connection with the rights issue of Orkla ASA been granted 24,500 subscription rights and has on November 16 1999 subscribed for 3,500 new shares at nominal value NOK 6.25. After the rights issue his total shareholding consists of 28,000 shares.