Orkla ASA — M&A Activity 2016

Jan 15, 2016

Orkla ASA: Sale of the Asan and Allévo brands completed

Orkla ASA: Sale of the Asan and Allévo brands completed

In stock exchange notifications published on 17 December 2015 and 22 December

2015, respectively, it was announced that an agreement had been entered into to

sell the Asan and Allévo brands. Both transactions have now been approved by the

relevant competition authorities and completed.

Orkla purchased the Swedish branded consumer goods group Cederroth in 2015, and

the agreement was approved by the competition authorities on condition that the

Asan and Allévo brands were sold. Now that the transactions have been completed,

this condition has been met.

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

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

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

Exchange and headquartered in Oslo. In 2014, the Group had a total turnover of

around NOK 30 billion, and had around 13,000 employees at year end 2014.

Orkla ASA

Oslo, 15 January 2016

Ref.:

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#1979147]