Trade subject to notification - Shares for Employees 2012

Reference is made to the stock exchange notice of 5 November 2012 regarding Shares for Employees 2012.

The buying price, and thereby the number of shares acquired by primary insiders, was fixed on the basis of the closing price of the Orkla share on 8 November 2012. The buying price was thus set at NOK 31.82 per share, including a 30% discount.

Information about the number of shares acquired by primary insiders, as well as their new holdings, is attached to this message.

Orkla ASA,
Oslo, 9 November, 2012

Contact:
Rune Helland, SVP Investor Relations
Tel: +47 22 54 44 11 / +47 97 71 32 50

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