Orkla ASA — Director's Dealing 2016

Feb 22, 2016

Orkla ASA: Mandatory notification of trade - options

Orkla ASA: Mandatory notification of trade - options

On 19 February, in connection with Orkla's former management option programme,

100,000 options in Orkla-shares were exercised at a strike price of NOK 36.38

per share.

The transactions comprise primary insider Karl Otto Tveter, Chief of Group

Functions and Group Director Legal Affairs. Tveter exercised 50,000 options at a

strike price of NOK 36.38 per share, of which 46,000 shares were sold at a price

of NOK 70.65 per share. After this transaction, Tveter and close associates own

44,668 shares and 50,000 options in Orkla.

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

the management option programme is 2,337,000. Orkla owns 1,496,738 treasury

shares.

Orkla ASA

Oslo, 22 February 2016

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#1987926]