Orkla ASA — Director's Dealing 2015

Nov 2, 2015

Orkla ASA: Mandatory notification of trade - options

Orkla ASA: Mandatory notification of trade - options

On 30 October, in connection with Orkla's former management option programme,

145,000 options in Orkla-shares were exercised. 115,000 options were exercised

at a strike price of NOK 36.38 per share, and 30,000 options were exercised at a

strike price of NOK 42.53 per share.

The transactions comprise primary insider Ann-Beth Freuchen, Executive Vice

President and CEO of Orkla Confectionery & Snacks. Freuchen exercised 40,000

options at a strike price of NOK 36.38 per share, of which 40,000 shares were

sold at a price of NOK 71.71 per share. After this transaction, Freuchen and

close associates own 7,200 shares and 40,000 options in Orkla.

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

the management option programme is 2,927,000. Orkla owns 2,086,903 treasury

shares.

Orkla ASA

Oslo, 2 November 2015

Ref.:

Investor Relations

Elise Heidenreich

Tel.: +47 951 41 147

This information is subject of the disclosure requirements acc. to §5-12 vphl

(Norwegian Securities Trading Act)

[HUG#1963186]