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.
 
 
 
Contact:
Rune Helland, Orkla Investor Relations, Tel: +47 2254 4411