Orkla ASA — Director's Dealing 2014

Dec 30, 2014

Orkla ASA: Mandatory notification of trade - options

Orkla ASA: Mandatory notification of trade - options

On 22 December, in connection with Orkla`s former management option programme,

25,000 options in Orkla-shares were exercised at a strike price of NOK 38.88 per

share.

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

the management option programme is now 7,198,000. Orkla owns 2,833,106 treasury

shares.

Orkla ASA

Oslo, 30 December 2014

Rune Helland, SVP Investor Relations

Tel.: +47 977 13 250

Ane Bryn-Haugland, Investor Relations

Tel.: +47 980 68 126

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

[HUG#1883763]