Trade subject to notification - shares to employees

All employees in Norway, Denmark, Finland, Sweden and the USA are offered 50 or 100 Orkla shares at a price of NOK 139, minus a 20% discount. This programme was introduced in 1999. The offer is valid from 16 November to 26 November 2001.

The following primary insiders have bought 100 shares in Orkla at NOK 111,20 on the 22 November 2001:

Group Chief Executive Finn Jebsen, Orkla ASA, increases his total shareholding to 193,204 shares
Executive Vice-President Halvor Stenstadvold, Orkla ASA, increases his total shareholding to 5,300 shares
Executive Vice-President Roar Engeland, Orkla ASA, increases his total shareholding to 4,302 shares
Executive Vice-President Dag J. Opedal, Orkla ASA, increases his total shareholding to 11,763 shares
Senior Vice President Terje Andersen, Orkla ASA, increases his total shareholding to 2,300 shares
Senior Vice President Erik Barkald, Orkla ASA, increases his total shareholding to 100 shares
Portfolio Manager Anders Berggren, Orkla ASA, increases his total shareholding to 2,871 shares
Head of Internal Auditing Fridthjof Røer, Orkla ASA, increases his total shareholding to 1,680 shares
Senior Vice President Karl-Otto Tveter, Orkla ASA, increases his total shareholding to 300 shares
Portfolio Manager Ola Uhre, Orkla ASA, increases his total shareholding to 5,215 shares
Senior Vice President Tor Aamot, Orkla ASA, increases his total shareholding to 4,800 shares
Managing director Håkon Andersen, Orkla Foods, increases his total shareholding to 7,502 shares
Managing director Lars Freiholtz, Procordia Food, increases his total shareholding to 100 shares
Managing director John Jørgensen, Orkla Brands, increases his total shareholding to 26,860 shares
Managing director Jan Lindh, Orkla Media, increases his total shareholding to 32,728 shares
Director Torkild Nordberg, Lilleborg, increases his total shareholding to 300 shares
Managing director Per A. Sørlie, Borregaard, increases his total shareholding to 5,300 shares
Chairman Egil Ullebø, Borregaard, increases his total shareholding to 61,897 shares
Managing Director Gunnar Vikstrøm, Borregaard LignoTech, increases his total shareholding to 4,000 shares
Board observer elected by the employees Eva Bergquist increases her total shareholding to 300 shares
Deputy board member elected by the employees Steinar N. Johansen increases his total shareholding to 300 shares
Deputy board member elected by the employees Benny Løfgren increases his total shareholding to 100 shares
Deputy board member elected by the employees Tom Rune Stokstad increases his total shareholding to 858 shares
Board member elected by the employees Arvid Strand increases his total shareholding to 100 shares
Board member elected by the employees Stein Stugu increases his total shareholding to 348 shares