Orkla has subscribed in the right issue in REC

Orkla ASA, which is represented at the board of REC, has today
subscribed for 27,755, 068 shares at a subscription price of NOK
26.50 per share in the rights issue in REC. Elkem AS which is 100 %
owned by Orkla ASA, has today subscribed for 39,977,689 shares at a
subscription price of NOK 26.50 per share in the rights issue in REC.
The subscription involves that Orkla ASA and Elkem AS subscribe for
all allotted subscription rights. At completion of the rights issue
Orkla ASA will own 108 244 768 shares and Elkem AS 155 912 989 shares
in the company, and accordingly maintain their combined ownership
interest in REC of  appox. 39.73 %.
The subscription has been made on certain conditions as described in
the prospectus.


Orkla ASA

Oslo, 29 June 2009



Contact:

Rune Helland, SVP Investor Relations
Tel.: [phone]

Siv Merethe Skorpen Brekke, Orkla Investor Relations,
Tel.: [phone]


This announcement was originally distributed by Hugin. The issuer is 
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