On 15 December 2009, in connection with Orkla`s option programme, 85 000 options in Orkla-shares were exercised at a strike price of  NOK 27.00 per share.

 

Primary insider Fridthof Røer (Chief Internal Auditor, Orkla ASA) exercised 15,000 options and increased his holding of Orkla shares. After this transaction Røer`s new holding in Orkla ASA is 19,563 shares and 75,000 options.

 

After this transaction, the total number of options issued in Orkla shares is now 15,444,500 in addition to 100,000 synthetic options in the remaining part of the cash bonus programme. Orkla has a hedge through a cash-settled financial derivative of 600,000 underlying shares related to the option programmes.

 

Orkla owns 11,234,504 treasury shares.

 

Orkla ASA

Oslo, 15 December 2009

Contact Orkla Investor Relations:

Siv Merethe S. Brekke, Tel: +47 2254 4455