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Orkla ASA: The Board of Directors' proposal to Orkla's General Meeting

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The Annual General Meeting of Orkla ASA will be held on Thursday 25 April 2019 at 3 p.m. at Ingeniørenes Hus, Kronprinsens gate 17, Oslo.

At a meeting on 13 March 2019 the Board of Directors decided to submit the following resolutions to Orkla's General Meeting:

1) The Board of Directors proposes an ordinary dividend for 2018 of NOK 2.60 per share. See separate announcement regarding key information relating to the cash dividend.

2) The Board of Directors proposes that the General Meeting of Orkla ASA resolves to reduce the share capital by NOK 21,875,000 from NOK 1,273,663,712.50 to NOK 1,251,788,712.50 by redeeming (amortising) 17,500,000 shares owned by Orkla ASA. The number of shares in the company will be reduced from 1,018,930,970 to 1,001,430,970. The amount by which the share capital is reduced will be used to cancel the company's own shares.

Orkla's Annual Report 2018 will be released on 18 March 2019.

Orkla ASA
Oslo, 13 March 2019

Ref.:

Group Director Corporate Communications & Corporate Affairs
Håkon Mageli
Tel.: +47 928 45 828
Email: hakon.mageli@orkla.no

IR & Communications Manager
Elise Heidenreich
Tel.: +47 951 41 147
Email: elise.andersen.heidenreich@orkla.no

This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.

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