OSE decision concerning a mandatory offer for Elkem

Orkla has noted the decision of the Oslo Stock Exchange. Orkla does not intend to make a mandatory offer on outstanding shares of Elkem, but will sell the approximately 100 shares required to reduce the total shareholding owned by Orkla and Nordstjernen Holding together to less than 40 per cent of Elkem within the prescribed time-limit. Orkla will shortly reach a decision as to whether the decision will be appealed to the Oslo Stock Exchange Appeals Committee.