Trade subject to notification - Stein Erik Hagen

On 17 March 2005, a company closely associated with Stein Erik Hagen, member of the Board of Directors of Orkla ASA, has bought 1,410,750 shares in Orkla ASA at a share price of NOK 227.93.

After the transaction, Stein Erik Hagen and his close associates own 23,458,171 shares in Orkla ASA.