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Orkla’s acquisition of Denali Ingredients completed

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In its notification of 3 October 2022, it was announced that Orkla has entered into an agreement to purchase 84% of the shares in Denali Ingredients, a leading ice cream ingredients business in the USA.

The transaction has been approved by relevant competition authorities and was completed today. Denali Ingredients will be consolidated into Orkla's financial statements as of 1 November 2022.

The stock exchange notification of 3 October 2022 can be found here:

https://investors.orkla.com/English/ir-news/ir-news-details/2022/Orkla-invests-in-US-ice-cream-ingredients-and-announces-intention-to-seek-a-partner-to-further-accelerate-growth-of-its-ingredients-business/default.aspx

Orkla ASA
Oslo, 1 November 2022

Ref.:

EVP Communications and Corporate Affairs
Håkon Mageli
Tel.: +47 928 45 828

SVP Investor Relations
Kari Lindtvedt
Tel.: +47 950 75 114

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

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