Orkla ASA has acquired 2 220 100 shares in Scandinavian Property Development. After this transaction Orkla owns 13 266 585 shares in Scandinavian Property Development, which represents 16.58 % of the share capital.

 

Orkla ASA,

Oslo, 26 March 2008

 

Contact:

Rune Helland, Orkla Investor Relations, Tel: +47 2254 4411

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