Orkla ASA — Director's Dealing 2014

Oct 8, 2014

Mandatory notification of trade - options

Mandatory notification of trade - options

On 7 October, in connection with Orkla`s former management option programme,

100,000 options in Orkla-shares were exercised.

30,000 options were exercised at a strike price of NOK 38.88 per share and

70,000 options were exercised at a strike price of NOK 39.86 per share.

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

the management option programme is now 7,368,000. Orkla owns 3,106 treasury

shares.

Orkla ASA

Oslo, 8 October 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 of the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

[HUG#1861352]