Orkla ASA — Board/Management Information 2014

Nov 20, 2014

Orkla ASA: Trade subject to notification - Shares for employees: revised list of primary insiders

Orkla ASA: Trade subject to notification - Shares for employees: revised list of primary insiders

Reference is made to the stock exchange release issued Monday 10 November 2014

regarding the sale of Orkla shares at a discount to employees. Regrettably,

three persons were left out of the list over shares acquired by primary

insiders.

Please find the correct version enclosed.

Orkla ASA

Oslo, 20 November 2014

Contact:

Rune Helland, SVP Investor Relations

Tel: +47 97 71 32 50

This information is subject of the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

[HUG#1873001]