Disclosure of shareholding
Orkla ASA ("Orkla") has today sold 200,000,000 shares in Renewable Energy
Corporation ASA ("REC") at a price of NOK 1.90 per share. Orkla has subsequently
entered into a total return swap agreement with exposure to 200,000,000 shares
in REC at the same price. Term to maturity is six months, unless the parties
agree to cancel the agreement at an earlier date.
After the trade Orkla will hold 329,569,968 shares in REC, corresponding to
approximately 15.6% of the outstanding share capital and voting rights in the
Board member in Orkla, Peter A. Ruzicka, is also board member in REC.
Oslo, September 26, 2012
Rune Helland, SVP Investor Relations
Tel: +47 22 54 44 11 / +47 97 71 32 50
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.