Orkla ASA — M&A Activity 2015

Dec 11, 2015

Orkla ASA: Orkla expands in Central Europe

Orkla ASA: Orkla expands in Central Europe

Orkla has entered into an agreement to acquire Hamé, a leading branded consumer

goods company within food in the Czech Republic and Slovakia. Hamé holds strong

market positions in numerous categories that represent a good fit with Orkla's

existing portfolio. By joining forces with Hamé, Orkla will double its turnover

in Central Europe.

In the Czech Republic and Slovakia, Hamé holds leading positions in the

categories pâtés, ready meals, ketchup, preserved vegetables, jams and baby

food. Its iconic brands include Hamé, Májka, Znojmia, and Otma. Hamé also has

strong positions in pâtés in Hungary, Romania and Russia.

"The categories offered by Hamé are well-known to Orkla and will complement and

strengthen our existing categories. With this transaction Orkla becomes one of

the leading FMCG players in attractive markets in Central Europe," says

President & CEO Peter A. Ruzicka.

Orkla's existing assets in Central Europe include Vitana (the Czech Republic and

Slovakia), Felix Austria, and Orkla Foods Romania.

"With Vitana and Hamé, Orkla becomes an attractive supplier to the grocery trade

in the Czech Republic and Slovakia, and the transaction will also strengthen our

operations in Romania. A stronger foothold in Central Europe will ensure that

Orkla is well positioned for further growth in these markets", says Atle Vidar

Nagel-Johansen, Orkla EVP and CEO of Orkla Foods.

Hamé has approx. 2,400 employees and ten production sites. The company's

headquarters is located in Kunovice in the south-eastern part of the Czech

Republic.

Hamé achieved gross sales in 2014 of CZK 4.9 billion (approx. NOK 1.7 billion)

and a net profit of CZK 234 million (approx. NOK 83 million). 70% of sales is

generated from the Czech Republic and Slovakia. The seller is Decapterus

S.à.r.l., a Luxembourg based private equity holding company. The parties have

agreed on a purchase price of EUR 175 million (on a debt-free basis). The

purchase price will be funded through Orkla's existing credit facilities.

The agreement is subject to the approval of the relevant competition

authorities.

More detailed information about Hamé, including facts about its governance and

management as well as key figures, is included in the appendix.

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

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

Orkla ASA

Oslo, 11 December 2015

Ref.:

Group Director Corporate Communications and Corporate Affairs

Håkon Mageli

Tel.: +47 928 45 828

Email: hakon.mageli@orkla.no

SVP Investor Relations

Mattias Orrenius

Tel.: +47 983 66 334

Email: mattias.orrenius@orkla.no

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

[HUG#1972895]