Orkla ASA — Director's Dealing 2010

Dec 14, 2010

Mandatory notification of trade - options

On 14 December 2010, in connection with Orkla`s option programme, 67,500 options

at NOK 40.14.

After this transaction, the total number of options issued in Orkla shares is

now 20,404,500. In addition Orkla has a hedge through a cash-settled financial

derivative of 600,000 underlying shares related to the option programmes.

Orkla owns 7,274,825 treasury shares.

Orkla ASA

Oslo, 14 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#1472421]