Orkla ASA — Capital/Financing Update 2014

May 16, 2014

Orkla ASA :Orkla ASA - Issuance of Commercial Paper

Orkla ASA :Orkla ASA - Issuance of Commercial Paper

Orkla ASA has issued a commercial paper of NOK 500,000,000.

Start date:                   20 May, 2014

Maturity:                     20 August, 2014

Coupon:                      1.90 %

Organised by:             Handelsbanken Capital Markets

For further information, please contact:

Rune Helland SVP IR, +4797713250

This information is subject of the disclosure requirements acc. to §5-12 vphl

(Norwegian Securities Trading Act)

[HUG#1786599]