Trade subject to notification REC

Orkla has today on 29 September 2006 bought 5 million shares in
Renewable Energy Corporation ASA (REC) at a share price of NOK 89.00.

After this transaction Orkla and subsidiaries owns 135,935,300 shares in REC, which represents 27.5 % of the shares.
The reason for this notification is that Ole Enger and Roar Engeland (both Executive Vice President in Orkla) are members of the Board in REC.
Rune Helland, Orkla Investor Relations, Tel: +47 2254 4411