Orkla ASA — Major Shareholding Notification 2014

Nov 27, 2014

Orkla ASA : Mandatory notification of trade and disclosure of major shareholding - Stein Erik Hagen

Orkla ASA : Mandatory notification of trade and disclosure of major shareholding - Stein Erik Hagen

On 26 November 2014, Canica AS, a company related to Orkla's chairman of the

board Stein Erik Hagen, acquired 10,000,000 shares in Orkla ASA from Tvist 5 AS,

another related company to Stein Erik Hagen. Tvist 5 AS's holding of Orkla

shares after the transaction is 50,050,000, constituting approx. 4.9% of the

share capital in Orkla ASA. Thus, Tvist 5 AS crosses the 5% threshold for

disclosure of major shareholding.

The transaction was made at a share price of NOK 53.91.

Stein Erik Hagen and his related parties' ownership interest in Orkla ASA of

249,142,000 shares, constituting 24.5% of the share capital, remains unaffected

by this transaction.

Oslo, 27 November 2014

Contact Orkla Investor Relations:

Rune Helland, Tel.: +47 977 13250

This information is subject of the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

[HUG#1874713]