Mandatory notification of trade – granting of stock options to primary insiders

As part of Orkla’s Long Term Incentive Program set out in Orkla’s executive remuneration guidelines, options have today, 6 May 2022, been granted for 2021 to the following primary insiders:

Harald Ullevoldsæter, EVP CFO                              54,769 options

Christer Grönberg, EVP Group Functions                50,996 options

Atle Vidar Nagel-Johansen, EVP Orkla BCG           69,456 options

Hege Holter Brekke, EVP Orkla Care                       54,396 options

Ingvill T. Berg, EVP OCS                                          52,235 options

Johan Clarin, EVP OFI                                              56,319 options

Thomas Ljungqvist, Acting EVP OC&FI                   29,253 options

Sverre Prytz, EVP M&A and Strategy                       51,709 options

Håkon Mageli, EVP Corp Affairs & Comm.              43,839 options

Each share option gives the right to purchase one share in Orkla ASA. The strike price of the options was set to NOK 75.18 per share based on the closing price on 21st April 2022 plus 3% p.a. in the vesting period and adjusted for dividend paid until exercise. The options will lapse if not exercised by 21 April 2027. The options may only be exercised after 3 years (21 April 2025), although the options awarded to EVP Corp Affairs & Comm.  are divided into three tranches whereby 20% vests in year one, 20% in year 2 and 60% in year 3, with the first tranche vesting 21 April 2023. For further information, see attachment available at www.newsweb.no.

Orkla ASA

Oslo, 6 May 2022

Ref.:

SVP Investor Relations

Kari Lindtvedt

Tel.: +47 950 75 114

This information is subject to disclosure requirements set out in the Market Abuse Regulation EU 596/2014 Article 19 and the Norwegian Securities Trading Act Section 5-12.