Trade subject to notification - Scandinavian Property Development

Orkla ASA, has on 3. June 2008 bought 2 201 907 shares in Scandinavian Property Development at an average share price of NOK 24.00.
 
Morten Grongstad, Managing director in Orkla Eiendom, is a member of the Scandinavian Property Development board of directors.
 
After this transaction, Orkla ASA owns 24 000 000 shares in Scandinavian Property Development, corresponding to 29.99 %.
 
 
 
Orkla ASA
Oslo,  4. June 2008
 
Contact:
Rune Helland, SVP Orkla Investor Relations,
Tel: +47 2254 4411