Orkla ASA — Major Shareholding Notification 2014

Apr 3, 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 2 April 2014, Canica Investor AS, a company related to Orkla's chairman of

the board Stein Erik Hagen, acquired 16,950,000 shares in Orkla ASA from Tvist

5 AS, another related company to Stein Erik Hagen.

The same day, Canica AS, a company related to Stein Erik Hagen, acquired

32,950,000 shares in Orkla ASA from Canica Investor AS. Canica AS's holding of

Orkla shares after the transaction is 183,292,000, constituting 18% of the share

capital in Orkla ASA. Thus, Canica AS triggers the 15% threshold for disclosure

of major shareholding.

The transactions are made at a share price of NOK 51.10.

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 these transactions.

Oslo, 3 April 2014

Contact Orkla Investor Relations:

Rune Helland, Tel.: +47 977 13250

This information is subject of the disclosure requirements acc. to §5-12 vphl

(Norwegian Securities Trading Act)

[HUG#1774047]