Orkla ASA — Director's Dealing 2017

Feb 23, 2017

Orkla ASA: Mandatory notification of trade - options

Orkla ASA: Mandatory notification of trade - options

On 22 February, in connection with Orkla's former management option programme,

50,000 options in Orkla-shares were exercised at a strike price of NOK 40.03 per

share.

The transactions comprise primary insider Håkon Mageli, Group Director,

Corporate Communications and Corporate Affairs. Mageli exercised 50,000 options

at a strike price of NOK 40.03 per share, of which 50,000 shares were sold at a

price of NOK 75.6794 per share. After this transaction, Mageli and close

associates own 76,001 shares and no options in Orkla.

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

the management option programme is 825,000. Orkla owns 1,983,135 treasury

shares.

Orkla ASA

Oslo, 23 February 2017

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.