Orkla ASA — Director's Dealing 2015

May 13, 2015

Orkla ASA: Mandatory notification of trade - options

Orkla ASA: Mandatory notification of trade - options

On 12 May, in connection with Orkla's former management option programme,

140,000 options in Orkla-shares were exercised, at a strike price of NOK 37.36

per share.

The transaction comprises primary insider Fridthjof Røer, Chief Internal Auditor

in Orkla ASA. Røer exercised 30,000 options at a strike price of NOK 37.36 per

share, of which 30,000 shares were sold at a price of NOK 60.07 per share. After

this transaction, Røer and close associates own 23,668 shares and 60,000 options

in Orkla.

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

the management option programme is 4,170,500. Orkla owns 1,050,403 treasury

shares.

Orkla ASA

Oslo, 13 May 2015

Ref.:

Orkla ASA

Senior Vice President Investor Relations

Rune Helland

Tel.: +47 977 13 250

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#1921239]