Orkla ASA — M&A Activity 2016

Jul 29, 2016

Orkla ASA: Orkla's acquisition of Harris approved by the competition authorities

Orkla ASA: Orkla's acquisition of Harris approved by the competition authorities

The British competition authorities have approved Orkla's purchase of L.G.

Harris & Co. Limited («Harris»). Completion of the agreement is expected to take

place within 1-2 months.

In a press release of 3 May 2016, Orkla announced that it had entered into an

agreement to acquire Harris, a leading supplier of Do-It-Yourself painting tools

in the UK.

The approval of the British competition authorities on 28 July concludes the

review of the agreement under competition law.

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 2015, the Group had a turnover of

NOK 33 billion, and 14,670 employees at year-end.

Orkla ASA

Oslo, 29 July 2016

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 of the disclosure requirements acc. to §5-12 vphl

(Norwegian Securities Trading Act)

[HUG#2031792]