Orkla ASA — Director's Dealing 2016

May 4, 2016

Orkla ASA: Mandatory notification of trade - options

Orkla ASA: Mandatory notification of trade - options

On 3 May, in connection with Orkla's former management option programme, 65,000

options in Orkla-shares were exercised. 25,000 options were exercised at a

strike price of NOK 33.88 per share, and 40,000 options were exercised at a

strike price of NOK 40.03 per share.

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

the management option programme is 1,575,000. Orkla owns 1,793,135 treasury

shares.

Orkla ASA

Oslo, 4 May 2016

Ref.:

Investor Relations

Elise Heidenreich

Tel.: +47 951 41 147

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

[HUG#2009717]