Orkla ASA — M&A Activity 2015

Dec 22, 2015

Orkla ASA: Cederroth sells the Allévo brand

Orkla ASA: Cederroth sells the Allévo brand

Through its wholly owned subsidiary Cederroth, Orkla has entered into an

agreement to sell the Allévo brand to Karo Bio AB.

The Allévo brand consists of a product portfolio within weight management, and

is owned by the Swedish branded consumer goods company Cederroth. Allévo

generates an annual turnover of approx. SEK 62 million.

Orkla acquired Cederroth earlier this year, and the transaction was approved by

the competition authorities subject to divestment of the Allévo brand, resulting

in today's sale agreement.

The agreement is subject to the approval of the Swedish competition authorities.

Orkla is a leading supplier of branded consumer goods and concept solutions to

the grocery, out-of-home and bakery markets in the Nordics, the Baltics and

selected markets in Central Europe and India. Orkla is listed on the Oslo Stock

Exchange and has its head office in Oslo. In 2014, the Group had a turnover of

around NOK 30 billion and approximately 13,000 employees at year-end.

Orkla ASA

Oslo, 22 December 2015

Ref.:

Group Director, Corporate Communications and Corporate Affairs

Håkon Mageli

Tel.: +47 928 45 828

SVP Investor Relations

Mattias Orrenius

Tel.: +47 983 66 334

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

[HUG#1975293]