Orkla ASA — Director's Dealing 2016

Feb 17, 2016

Orkla ASA: Mandatory notification of trade - options

Orkla ASA: Mandatory notification of trade - options

On 16 February, in connection with Orkla's former management option programme,

30,000 options in Orkla-shares were exercised at a strike price of NOK 36.38 per

share.

The transactions comprise primary insider Fridthjof Røer, Chief Internal Auditor

in Orkla ASA. Røer exercised 30,000 options at a strike price of NOK 36.38 per

share, of which 30,000 shares were sold at a price of NOK 70.27 per share. After

this transaction, Røer and close associates own 24,244 shares and 30,000 options

in Orkla.

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

the management option programme is 2,537,000. Orkla owns 1,696,738 treasury

shares.

Orkla ASA

Oslo, 17 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#1986629]