After this transaction Orkla holds 196 425 000 shares in REC, which represents 39.75 % of the shares.

 

The reason for the sale is that Orkla wishes to have a certain margin to the 40 % limit that triggers a mandatory offer.

 

The reason for this notification is that Ole Enger and Roar Engeland (both Executive Vice President in Orkla) are members of the Board in REC.

 

 

 

Contact:

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

Siv M. Skorpen Brekke, Orkla Investor Relations - Tel: +47 2254 4455