Trade subject to notification - exercised options

13.09.2004: On 10 September 2004, in connection with its option programme, Orkla exercised 4,000 options at a strikeprice of NOK 135.

A total of 1,837,474 options in Orkla have currently been issued. Moreover, Orkla has an exposure through a cash-settled financial derivative of 450,000 underlying shares in the hedge position related to the remaining part of the cash bonus programme.
 
Orkla currently holds 6,839,641 shares.