Trade subject to notification - exercised options

30.09.2004: On 29 September 2004, in connection with Orkla's option programme, 17,666 options were exercised in Orkla shares, 11,666 at a strikeprice of NOK 135 and 6,000 at a strikeprice of NOK 132.

A total of 1,804,474 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 6,806,641 shares.