Orkla ASA — M&A Activity 2014

Oct 10, 2014

Orkla ASA: Oppdatering om Tilbudet i Gränges - vellykket gjennomføring av bookbuilding. Aksjene er priset til SEK 42,50 per aksje

Orkla ASA: Oppdatering om Tilbudet i Gränges - vellykket gjennomføring av bookbuilding. Aksjene er priset til SEK 42,50 per aksje

IKKE FOR PUBLISERING, DISTRIBUSJON ELLER OFFENTLIGGJØRING, DIREKTE ELLER

INDIREKTE, I ELLER TIL USA, CANADA, JAPAN ELLER AUSTRALIA

Orkla annonserer at bookbuilding-perioden for børsintroduksjonen av aksjene

("Tilbudet") i Gränges AB (publ) ("Gränges" eller "Selskapet") på NASDAQ

Stockholm er gjennomført på en vellykket måte. Tilbudet var overtegnet og

tiltrakk seg stor interesse, både fra svenske og internasjonale institusjonelle

investorer samt fra allmennheten i Sverige og Norge.

Kort om tilbudet

· Prisen er satt til SEK 42,50 per aksje, tilsvarende en markedsverdi for alle

aksjer utstedt av Gränges på ca. SEK 3,2 mrd.

· Orkla  selger 60% av aksjene i Gränges gjennom Tilbudet, hvilket tilsvarer

44.783.600 aksjer.

· Det er gitt en overtildelingsopsjon på 15% av aksjene i Tilbudet, tilsvarende

6.717,500 aksjer

· Tilbudet omfatter 51.501.100 aksjer tilsvarende ca. 69% av det samlede antall

aksjer i Selskapet, forutsatt at overtildelingsopsjonen utnyttes i sin helhet.

· Handelen i Granges' aksjer på NASDAQ Stockholm starter i dag, 10. oktober

2014, under tickeren "GRNG".

· Tilbudet vil gi Orkla et bruttoproveny på ca. SEK 2,2 mrd. (forutsatt at

overtildelingen gjennomføres i sin helhet), supplert med SEK 1,65 mrd. mottatt

som utbytte i september 2014.

· Etter gjennomføring av Tilbudet vil Orkla eie 40% av aksjene i Gränges dersom

overtildelingsopsjonen ikke utøves, eller 31% hvis overtildelingsopsjonen

gjennomføres i sin helhet.

Carnegie og SEB opptrer som Joint Global Coordinators og Joint Bookrunners i

forbindelse med Tilbudet. Danske Bank og Handelsbanken Capital Markets opptrer

som Joint Bookrunners.

Det henvises til vedlegg til denne kunngjøringen for informasjon om

transaksjonen i samsvar med pkt 3.4 i Løpende Forpliktelser for børsnoterte

selskaper.

Orkla ASA,

Oslo, 10. oktober 2014

For ytterligere spørsmål, ta kontakt med:

Rune Helland, SVP Investor Relations

Tlf: +47 97 71 32 50

Important information

This announcement is not an offer to sell or a solicitation of any offer to buy

any securities issued by Gränges AB (publ) (the "Company") in any jurisdiction

where such offer or sale would be unlawful.

In any EEA Member State, other than Sweden and Norway, that has implemented

Directive 2003/71/EC as amended (together with any applicable implementing

measures in any member State, the "Prospectus Directive"), this communication is

only addressed to and is only directed at qualified investors in that Member

State within the meaning of the Prospectus Directive.

This document and the information contained herein are not for distribution in

or into the United States of America. This document does not constitute an offer

to sell, or a solicitation of an offer to purchase, any securities in the United

States. Any securities referred to herein have not been and will not be

registered under the U.S. Securities Act of 1933, as amended (the "Securities

Act"), and may not be offered or sold within the United States absent

registration or an applicable exemption from, or in a transaction not subject

to, the registration requirements of the Securities Act. There is no intention

to register any securities referred to herein in the United States or to make a

public offering of the securities in the United States.

In the United Kingdom, this document and any other materials in relation to the

securities described herein is only being distributed to, and is only directed

at, and any investment or investment activity to which this document relates is

available only to, and will be engaged in only with, "qualified investors" (as

defined in section 86(7) of the Financial Services and Markets Act 2000) and who

are (i) persons having professional experience in matters relating to

investments who fall within the definition of "investment professionals" in

Article 19(5) of the Financial Services and Markets Act 2000 (Financial

Promotion) Order 2005 (the "Order"); or (ii) high net worth entities falling

within Article 49(2)(a) to (d) of the Order (all such persons together being

referred to as "relevant persons"). Persons who are not relevant persons should

not take any action on the basis of this document and should not act or rely on

it.

Any offering of securities will be made by means of a prospectus that may be

obtained from the issuer or selling security holder and that will contain

detailed information about the Company and management, as well as financial

statements. This document is an advertisement and not a prospectus for the

purposes of the Prospectus Directive. Investors should not subscribe for any

securities referred to in this document except on the basis of information

contained in the prospectus.

Matters discussed in this release may constitute forward-looking statements.

Forward-looking statements are statements that are not historical facts and may

be identified by words such as "believe," "expect," "anticipate," "intends,"

"estimate," "will," "may," "continue," "should" and similar expressions. The

forward-looking statements in this release are based upon various assumptions,

many of which are based, in turn, upon further assumptions. Although the Company

believes that these assumptions were reasonable when made, these assumptions are

inherently subject to significant known and unknown risks, uncertainties,

contingencies and other important factors which are difficult or impossible to

predict and are beyond its control. Such risks, uncertainties, contingencies and

other important factors could cause actual events to differ materially from the

expectations expressed or implied in this release by such forward-looking

statements.

The information, opinions and forward-looking statements contained in this

release speak only as at its date, and are subject to change without notice.

1) Ved dets heleide datterselskap Orkla Industriinvesteringar AB

2) Overtildelingsopsjon kan benyttes av Joint Global Coordinators til og med

10. november 2014.

Denne opplysningen er informasjonspliktig etter verdipapirhandelloven §5-12

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