Trade subject to notification - exercised options

01.10.2004: On 30 September 2004, in connection with Orkla's option programme, 3,330 options were exercised in Orkla shares at a strikeprice of NOK 135.

A total of 1,801,144 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 6,803,311 shares.