Orkla ASA — Director's Dealing 2014

May 23, 2014

Orkla ASA: Mandatory notification of trade - options

Orkla ASA: Mandatory notification of trade - options

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

30,000 options in Orkla-shares 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 former management option programme is 10,843,000. Orkla owns 2,928,106

treasury shares.

Orkla ASA

Oslo, 23 May 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#1788008]