The Nomination Committee of Orkla ASA has recommended election of Grace Reksten Skaugen and Jo Lunder as new members of the company's Board of Directors. Furthermore, Terje Venold has been recommended as new Deputy Chair of the Corporate Assembly to succeed Dag Mejdell, who has resigned as Corporate Assembly member on account of other duties.

An extraordinary meeting of the Corporate Assembly will be convened to consider this recommendation. The meeting is expected to be held in August.

The recommendation is attached herewith.

Contact person: Idar Kreutzer +47934 03808

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