Orkla ASA — Director's Dealing 2010

Dec 9, 2010

Mandatory notification of trade - employee shares 2010

We refer to the notice to the Oslo Stock Exchange dated 1 November 2010

regarding Orkla's offer to its employees to buy Orkla-shares. Today, on 9

December 2010, Orkla transferred 1,525,490 Orkla-shares to its employees.

After this transaction Orkla owns 7?522?325 Orkla-shares. ?

The total number of options issued in Orkla shares is

20,652, 000.

In addition Orkla has a hedge through a cash-settled financial derivative of

600,000 underlying shares related to the option programmes.

Orkla ASA

Oslo, 9 December 2010

Contact Orkla Investor Relations:

Rune Helland, Tel: +47?2254 4411

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

(Norwegian Securities Trading Act)

[HUG#1470743]