Orkla sells its 40% shareholding in Hjemmet Mor...

Orkla has signed an agreement with Egmont to sell Orkla's shares in
Hjemmet Mortensen AS for NOK 950 million.

Orkla has signed an agreement with Egmont to sell Orkla's shares in
Hjemmet Mortensen AS for NOK 950 million.


The agreement is subject to the approval of the relevant competition
authorities.

In January 2008, an arbitration tribunal ruled that Egmont is
entitled to acquire Orkla's shares in Hjemmet Mortensen AS. The
parties have reached an agreement whereby Egmont is to take over
Orkla's 40% minority interest for NOK 950 million.

In the second quarter, Orkla has received NOK 72 million in dividends
from Hjemmet Mortensen AS for the 2007 financial year. The sale of
the shares will allow Orkla to recognise a gain of over NOK 800
million, which will be presented under 'Associates' on Orkla's
consolidated financial statements.

Since its establishment in 1992, Hjemmet Mortensen AS has achieved
strong growth in sales and profitability and is now Norway's leading
group in the magazine sector. Hjemmet Mortensen AS has a competent
organisation and strong market positions, and thus has the best
possible platform for continued success.



Contact points:
Rune Helland, Senior VP, Investor Relations - Tel.: [phone]
Ole Kristian Lunde, Senior VP, Corporate Communications - Tel.: +47
22 54 44 31