THIS PRESS RELEASE IS NEITHER AN OFFER TO PURCHASE NOR A SOLICITATION OF AN OFFER TO SELL ANY SECURITIES. THIS PRESS RELEASE MAY NOT BE RELEASED, DISTRIBUTED, FORWARDED OR TRANSMITTED INTO the United States, AUSTRALIA, CANADA OR JAPAN.

Orkla ASA’s (”Orkla”) public offer (the “Offer”) to the shareholders of Sapa AB (publ) (“Sapa”) in accordance with the prospectus dated February 28, 2005 has during the extended acceptance period been accepted by shareholders representing 158,825 shares, corresponding to approximately 0.4 per cent of the shares and votes in Sapa. During the ordinary acceptance period the Offer was accepted by shareholders representing 4,779,425 shares, corresponding to approximately 13.1 per cent of the shares and votes in Sapa. As a result, the Offer has in its entirety been accepted by shareholders representing 4,938,250 shares, corresponding to approximately 13.5 per cent of the shares and votes in Sapa.

At the time of the announcement of the Offer, Orkla’s...