The offer is contingent on financing. Orkla has accepted the offer, and after the stock exchange closed on Friday entered into an agreement to sell all its 2 861 635 shares in Steen & Strøm ASA at a price of NOK 397 per share, in addition to 6 % interest per year until completion of the deal. The final deadline for completion is 24 August 2007.

 

After completion of the deal Orkla will own no shares in Steen & Strøm ASA.

 

 

 

Ref.:

Rune Helland, SVP Investor Relations, Tel: +47 22544411