Trade subject to notification - Stein Erik Hagen

30.11.2004: Companies closely associated with Stein Erik Hagen, member of the Board of Directors of Orkla ASA, have carried out the following transaction:

Today, a total of 277,000 shares in Orkla ASA was sold and bought between Stein Erik Hagen's close associates at a share price of NOK 187.00.
 
After the transaction, Stein Erik Hagen and his close associates still own 19,494,021 shares in Orkla ASA.