We refer to the notice to the Oslo Stock Exchange dated 13 November 2008 regarding Orkla's offer to its employees to buy Orkla-shares. On 12 December 2008, Orkla transferred 1,990,613 Orkla-shares to its employees.

 

After this transaction Orkla owns 12,051,772 Orkla-shares.  

 

A total of 10,647,165 options in Orkla have currently been issued. Moreover, Orkla has an exposure through a cash-settled financial derivative of 1,400,000 underlying shares in the hedge-position related to the remaining 601,500 synthetic options of the cash bonus programme.

 

Orkla ASA

Oslo, 15 December 2008

 

Contact:

Rune Helland, SVP Investor Relations,

Tel.: +47 2254 4411