Orkla ASA - Director's Dealing 2014

Orkla ASA: Mandatory notification of trade - options

On 14 May, in connection with Orkla`s former management option programme,

220,000 options in Orkla-shares were exercised.

110,000 options were exercised at a strike price of NOK 38.88 per share,

110,000 options were exercised at a strike price of NOK 39.86 per share.

The transaction comprises primary insider Paul Jordahl, Executive Vice President

and CEO Orkla International. Jordahl exercised 60,000 options at a strike price

of NOK 38.88 per share and 60,000 options at a strike price of NOK 39.86 per

share. After this transaction, Jordahl and close associates own 9,345 shares and

70,000 options in Orkla. Orkla sold 114,000 treasury shares on Oslo Stock

Exchange at a price of NOK 51.40 per share in connection herewith.

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

the management option programme is now 11,391,000. Orkla owns 3,476,106 treasury

shares.

Orkla ASA

Oslo, 15 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#1785598]

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