Mandatory notification of trade - options

Due to employee resignations, Orkla has cancelled 572,000 options with an average price of 54.98. A total of 70,000 new options have been issued at an exercise price of 53.41 with a three-year vesting period, followed by a three-year period of exercise.

After this transaction, the total number of options issued in Orkla shares is now 24,516,500. In addition Orkla has a hedge through a cash-settled financial derivative of 600,000 underlying shares related to the option programmes.

Orkla owns 10,345,749 treasury shares.

Orkla ASA,
Oslo, 1 November 2011

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)