Orkla ASA, has on 18 September 2008 bought 2 400 000 shares in Scandinavian Property Development at an average share price of NOK 10.00.

 

Morten Grongstad, Managing director in Orkla Eiendom, is a member of the Scandinavian Property Development board of directors.

 

After this transaction, Orkla ASA owns 26 400 000 shares in Scandinavian Property Development, corresponding to 32.99 %.

 

Orkla ASA
Oslo, 19 September 2008

 

Contact:
Lars Røsæg, Orkla Investor Relations,
Tel: +47 2254 4426