Trade subject to notification -options

08.10.2004: On 7 October 2004, in connection with Orkla's option programme, 9,300 options were exercised in Orkla shares; 6,000 at a strike price of NOK 132 and 3,300 at a strike price of NOK 135.

Additionally, due to employees resignations, Orkla has canselled a total of 42,000 options in Orkla shares; 25,000 options at a strike price of NOK 135, 5,000 at a strike price of NOK 140 and 12,000 at a strike price of NOK 141.
 
A total of 1,741,512 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 6,790,678 own shares.