Orkla sells forests to Statskog

 We refer to earlier communications regarding the sale of Orkla's forests.

Orkla is selling the wholly-owned forest companies Borregaard Skoger AS,  AS
Børresen and Borregaard Vafos AS to Statskog for a total of NOK 1 725 million
after a broad process with strong competition and a number of  attractive offers
.  The sale covers approximately 1.1 million decares, of which around 750 000
decares are productive forest land. The transaction also encompasses Borregaard
Skoger's equity interest in Statskog-Borregaard Skogsdrift (SB Skog).

The transaction is subject to approval by Stortinget (the Norwegian
Parliament).  Completion of the transaction also assumes approval by the
Norwegian Competition Authority.



Contact persons:

Rune Helland, Tel: [phone]

 Roar Engeland, Tel: +47 926 53 197

This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)


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Source: Orkla ASA via Thomson Reuters ONE