Orkla ASA — Major Shareholding Notification 2021

Feb 11, 2021

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 11 February 2021, Canica AS, a company related to Orkla's chairman of the

board Stein Erik Hagen, acquired 286,000 shares in Orkla ASA over Oslo Stock

Exchange. Following the transaction, Stein Erik Hagen and related parties'

ownership interest in Orkla ASA is 250,386,000 shares, constituting approx.

25,003% of the share capital of the company. Thus, Hagen and related parties

crosses the 25% threshold for disclosure of major shareholding. The transaction

was made at a share price of NOK 80.7663.

Orkla ASA Oslo, 11 February 2021

Ref.: Investor Relations

Kari Lindtvedt

Tel.: +47 950 75 114

This information is subject to the disclosure requirements pursuant to Section 5

-12 the Norwegian Securities Trading Act