Orkla ASA — Capital/Financing Update 2020

May 19, 2020

Orkla ASA: Issuance of Commercial Paper

Orkla ASA: Issuance of Commercial Paper

Orkla ASA has issued a commercial paper of NOK 200,000,000.

Start date:                   25 May 2020

Maturity:                      25 June 2020

Coupon:                      0.30 %

Organised by:             DNB Markets

Orkla ASA

Oslo, 19 May 2020

Ref.:

Senior Vice President Group Treasury

Geir Solli

Tel.: +47 995 42 789

This information is subject to the disclosure requirements pursuant to Section

5-12 the Norwegian Securities Trading Act