Orkla sells forests to Statskog

 We refer to earlier communications regarding the sale of Orkla's forests. Orkla is selling the wholly-owned forest companies Borregaard Skoger AS,  AS Børresen and Borregaard Vafos AS to Statskog for a total of NOK 1 725 million after a broad process with strong competition and a number of  attractive offers .  The sale covers approximately 1.1 million decares, of which around 750 000 decares are productive forest land. The transaction also encompasses Borregaard Skoger's equity interest in Statskog-Borregaard Skogsdrift (SB Skog). The transaction is subject to approval by Stortinget (the Norwegian Parliament).  Completion of the transaction also assumes approval by the Norwegian Competition Authority. Contact persons: Rune Helland, Tel: +47 22 54 44 11  Roar Engeland, Tel: +47 926 53 197 This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act) [HUG#1454743] This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Orkla ASA via Thomson Reuters ONE