Orkla ASA — Director's Dealing 2022

May 15, 2022

Mandatory notification of trade - Shares for employees 2022

Mandatory notification of trade - Shares for employees 2022

Reference is made to the stock exchange notice of 9 May 2022 regarding Shares

for Employees 2022.

The buying price, and thereby the number of shares acquired by primary insiders,

was fixed on the basis of the closing price of the Orkla share on 13 May 2022.

The buying price was set at NOK 64,60 per share, including 15% discount.

Information about the number of shares acquired by primary insiders, as well as

their new holdings, is attached to this message.

Orkla ASA

Oslo, 15 May 2022

Ref.:

Investor Relations Manager

Kjetil Sørum

Tlf.: +47 99 60 29 64

This information is subject to disclosure requirements set out in the

Market Abuse Regulation EU 596/2014 Article 19 and the Norwegian Securities

Trading Act Section 5-12.