Oriflame Intnl. - Re Completion of Merger, etc

RNS No 3950d
ORIFLAME INTERNATIONAL S.A.
8th December 1997


Oriflame International S.A.

Merger completed between Oriflame International S.A. ("Oriflame")
and Oriflame Eastern Europe S.A. ("Oresa")

At Extraordinary General Meetings held today in Luxembourg, shareholders of
both Oriflame and Oresa approved inter alia the merger of the two companies.
The accounting year of Oriflame International S.A., as the enlarged group will
be named, has been changed to 31 December, 1997.  

Completion of the merger will take place on the admittance to the London Stock
Exchange Official List of 45,921,918 new shares of no par value in Oriflame
and the suspension of Oriflame's existing shares being lifted. This is
expected to take place at 8.30 a.m. on 9 December,1997.

Press Enquiries:

Oriflame International S.A.       Robert af Jochnick       00 468 755 6100

Oriflame Eastern Europe S.A.      Jonas af Jochnick        00 322 357 5500
 
Panmure Gordon & Co. Limited      Chris Collins            0171 638 4010


Panmure Gordon & Co. Limited, which is regulated by The Securities and Futures
Authority Limited, is acting for Oriflame and no-one else in connection with
the merger between Oriflame and Oresa, and, accordingly, is not acting for,
and will not be responsible to, anyone other than Oriflame for providing the
protection afforded to customers of Panmure Gordon & Co. Limited or for
providing advice in relation to the merger.


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