Orkla ASA — Capital/Financing Update 2023

Mar 30, 2023

Orkla ASA - Issuance of new Commercial Paper and increased amount in ISIN NO0012882416

Orkla ASA - Issuance of new Commercial Paper and increased amount in ISIN NO0012882416

Orkla ASA has increased the amount in the above-mentioned commercial paper by

NOK 200,000,000. The outstanding amount in the market after this is NOK

1,000,000,000.

Start date:                   3 April 2023

Maturity:                     27 June 2023

Organised by:             Nordea Markets

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

Start date:                   3 April 2023

Maturity:                     3 July 2023

Coupon:                      3.97 %

Organised by:             Nordea Markets

Orkla ASA

Oslo, 30 March 2023

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