Oslo, October 15, 2002

Graham Waters, the CEO of Nutri Pharma has informed the Board of Directors that he has resigned from his position as CEO with effect from April 2003. Graham Waters is currently on sick leave. Until his return from sick leave, Eirik Uboe, Chief Financial Officer, will act as interim Chief Operating Officer and can be contacted.

For further information, please contact
Nicolas Bruun-Lie, Chairman  +47 210 210 00
Eirik Uboe, CFO  +47 23 31 08 80