Major Shareholding Notification • Nov 25, 2025
Major Shareholding Notification
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NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the NOR-FSA)
| 1. Identity of the issuer: ORKLA ASA |
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|---|---|---|---|---|---|---|
| Drammensveien 149A | ||||||
| Oslo | ||||||
| NO-03 | ||||||
| Norway | ||||||
| LEI: 549300PZS8G8RG6RVZ52 | ||||||
| 2. Reason for the notification (please tick the appropriate box or boxes): | ||||||
| ☒ | An acquisition or disposal of shares or voting rights | |||||
| ☒ | An acquisition or disposal of financial instruments | |||||
| ☐ | An event changing the breakdown of shares or voting rights | |||||
| ☐ Other (please specify): |
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| 3. Details of person subject to the notification obligation: | ||||||
| Name: City and country of residence: |
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| BlackRock, Inc. | Wilmington, DE U.S.A | |||||
| 4. Full name of shareholder(s) | (if different from 3.): | |||||
| 5. Date on which the threshold was crossed or reached: | ||||||
| 24.11.2025 | ||||||
| 6. Total positions of person(s) subject to the notification obligation: | ||||||
| % of shares and voting rights (total of 7.A) |
% of shares and voting rights through financial instruments (total of 7.B) |
Total of both in % (7.A + 7.B) |
Total number of shares and voting rights of issuer |
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| Resulting situation on the date on which |
4.85% shares | 0.20% shares | 5.06% shares | 1,001,430,970 shares |
||
| threshold was crossed or reached |
4.85% voting rights | 0.20% voting rights | 5.06% voting rights | 1,001,430,970 voting rights |
||
| Position of previous | N/A | N/A | N/A | |||
| notification (if applicable) |
N/A | N/A | N/A |
| Class/type of shares |
Number of shares and voting rights | % of shares and voting rights | |||
|---|---|---|---|---|---|
| ISIN code (if possible) |
Direct (SMA 9:5) |
Indirect (SMA 9:6 and 9:7) |
Direct (SMA 9:5) |
Indirect (SMA 9:6 and 9:7) |
|
| NO0003733800 | 48,658,722 shares 48,658,722 voting |
4.85% shares | |||
| rights | 4.85% voting rights | ||||
| SUBTOTAL A | 48,658,722 shares | 4.85% shares | |||
| 48,658,722 voting rights | 4.85% voting rights |
| Type of financial instrument |
Expiration date |
Exercise/ Conversion Period |
Physical or cash settlement |
Number of shares and voting rights |
% of shares and voting rights |
|---|---|---|---|---|---|
| American Depositary |
N/A | N/A | Physical | 1,824,064 shares |
0.18% shares |
| Receipt (US6863311097) |
1,824,064 voting rights |
0.18% voting rights | |||
| CFD | N/A | N/A | Cash | 204,744 shares |
0.02% shares |
| 204,744 voting rights |
0.02% voting rights | ||||
| SUBTOTAL B | 2,028,808 shares |
0.20% shares | |||
| 2,028,808 voting rights |
0.20% voting rights |
| 8. Information in relation to the person subject to the notification obligation (please tick the applicable box): |
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|---|---|---|---|---|---|
| ☐ Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer. |
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| ☒ Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entity: |
|||||
| Name | % of shares and voting rights |
% of shares and voting rights through financial instruments |
Total of both | ||
| See Annex | |||||
9. In case of proxy voting: [name of the proxy holder] will cease to hold [% and number] voting rights as of
The disclosure obligation arose due to total holding in shares and votes for BlackRock, Inc. going above 5%.
Done at 12 Throgmorton Avenue, London, EC2N 2DL, U.K. on 25 November 2025
Full chain of controlled undertakings starting with the ultimate controlling natural person or legal entity;
| Name | % of shares and voting rights |
% of shares and voting rights through financial instruments |
Total of both |
|---|---|---|---|
| BlackRock, Inc. | |||
| BlackRock Saturn Subco, LLC | |||
| BlackRock Finance, Inc. | |||
| BlackRock Holdco 2, Inc. | |||
| BlackRock Financial Management, Inc. | |||
| BlackRock International Holdings, Inc. | |||
| BR Jersey International Holdings L.P. | |||
| BlackRock (Singapore) Holdco Pte. Ltd. | |||
| BlackRock HK Holdco Limited | |||
| BlackRock Lux Finco S.a.r.l. | |||
| BlackRock Japan Holdings GK BlackRock Japan Co., Ltd. |
Below 5% | ||
| BlackRock, Inc. | |||
| BlackRock Saturn Subco, LLC | |||
| BlackRock Finance, Inc. | |||
| Trident Merger, LLC | Below 5% | ||
| BlackRock Investment Management, LLC | |||
| BlackRock, Inc. | |||
| BlackRock Saturn Subco, LLC | |||
| BlackRock Finance, Inc. | |||
| BlackRock Holdco 2, Inc. | |||
| BlackRock Financial Management, Inc. | |||
| BlackRock International Holdings, Inc. | |||
| BR Jersey International Holdings L.P. | |||
| BlackRock Holdco 3, LLC | |||
| BlackRock Cayman 1 LP | |||
| BlackRock Cayman West Bay Finco Limited | |||
| BlackRock Cayman West Bay IV Limited | |||
| BlackRock Group Limited | |||
| BlackRock Finance Europe Limited | |||
| BlackRock Investment Management (UK) Limited | Below 5% | ||
| BlackRock, Inc. | |||
| BlackRock Saturn Subco, LLC | |||
| BlackRock Finance, Inc. | |||
| BlackRock Holdco 2, Inc. | |||
| BlackRock Financial Management, Inc. | |||
| BlackRock International Holdings, Inc. | |||
| BR Jersey International Holdings L.P. | |||
| BlackRock Australia Holdco Pty. Ltd. | |||
| BlackRock Investment Management (Australia) Limited | Below 5% | ||
| BlackRock, Inc. |
| BlackRock Saturn Subco, LLC | |
|---|---|
| BlackRock Finance, Inc. | |
| BlackRock Holdco 2, Inc. | |
| BlackRock Financial Management, Inc. | |
| BlackRock Holdco 4, LLC | |
| BlackRock Holdco 6, LLC | |
| BlackRock Delaware Holdings Inc. | |
| BlackRock Institutional Trust Company, National Association | Below 5% |
| BlackRock, Inc. | |
| BlackRock Saturn Subco, LLC | |
| BlackRock Finance, Inc. | |
| BlackRock Holdco 2, Inc. | |
| BlackRock Financial Management, Inc. | |
| BlackRock Holdco 4, LLC | |
| BlackRock Holdco 6, LLC | |
| BlackRock Delaware Holdings Inc. | |
| BlackRock Fund Advisors | Below 5% |
| BlackRock, Inc. | |
| BlackRock Saturn Subco, LLC | |
| BlackRock Finance, Inc. | |
| BlackRock Holdco 2, Inc. | |
| BlackRock Financial Management, Inc. | Below 5% |
| BlackRock, Inc. | |
| BlackRock Saturn Subco, LLC | |
| BlackRock Finance, Inc. | |
| BlackRock Holdco 2, Inc. | |
| BlackRock Financial Management, Inc. | |
| BlackRock International Holdings, Inc. | |
| BR Jersey International Holdings L.P. | |
| BlackRock (Singapore) Holdco Pte. Ltd. | |
| BlackRock HK Holdco Limited | |
| BlackRock Asset Management North Asia Limited | Below 5% |
| BlackRock, Inc. | |
| BlackRock Saturn Subco, LLC | |
| BlackRock Finance, Inc. | |
| BlackRock Holdco 2, Inc. | |
| BlackRock Financial Management, Inc. | |
| BlackRock International Holdings, Inc. | |
| BR Jersey International Holdings L.P. | |
| BlackRock Holdco 3, LLC | |
| BlackRock Cayman 1 LP | |
| BlackRock Cayman West Bay Finco Limited | |
| BlackRock Cayman West Bay IV Limited | |
| BlackRock Group Limited | |
| BlackRock Finance Europe Limited | |
| BlackRock (Netherlands) B.V. | |
| BlackRock Asset Management Deutschland AG | Below 5% |
| BlackRock, Inc. |
| BlackRock Saturn Subco, LLC | |
|---|---|
| BlackRock Finance, Inc. | |
| BlackRock Holdco 2, Inc. | |
| BlackRock Financial Management, Inc. | |
| BlackRock International Holdings, Inc. | |
| BlackRock Canada Holdings ULC | |
| BlackRock Asset Management Canada Limited | Below 5% |
| BlackRock, Inc. | |
| BlackRock Saturn Subco, LLC | |
| BlackRock Finance, Inc. | |
| BlackRock Holdco 2, Inc. | |
| BlackRock Financial Management, Inc. | |
| BlackRock Capital Holdings, Inc. | |
| BlackRock Advisors, LLC | Below 5% |
| BlackRock, Inc. | |
| BlackRock Saturn Subco, LLC | |
| BlackRock Finance, Inc. | |
| BlackRock Holdco 2, Inc. | |
| BlackRock Financial Management, Inc. | |
| BlackRock International Holdings, Inc. | |
| BR Jersey International Holdings L.P. | |
| BlackRock Holdco 3, LLC | |
| BlackRock Cayman 1 LP | |
| BlackRock Cayman West Bay Finco Limited | |
| BlackRock Cayman West Bay IV Limited | |
| BlackRock Group Limited | |
| BlackRock Finance Europe Limited | |
| BlackRock Advisors (UK) Limited | Below 5% |
| BlackRock, Inc. | |
| BlackRock Saturn Subco, LLC | |
| BlackRock Finance, Inc. | |
| BlackRock Holdco 2, Inc. | |
| BlackRock Financial Management, Inc. | |
| BlackRock International Holdings, Inc. | |
| BR Jersey International Holdings L.P. | |
| BlackRock (Singapore) Holdco Pte. Ltd. | |
| BlackRock (Singapore) Limited | Below 5% |
| BlackRock, Inc. | |
| BlackRock Saturn Subco, LLC | |
| BlackRock Finance, Inc. | |
| BlackRock Holdco 2, Inc. | |
| BlackRock Financial Management, Inc. | |
| BlackRock International Holdings, Inc. | |
| BR Jersey International Holdings L.P. | |
| BlackRock Holdco 3, LLC | |
| BlackRock Cayman 1 LP | |
| BlackRock Cayman West Bay Finco Limited | |
| BlackRock Cayman West Bay IV Limited | |
| BlackRock Group Limited |
| BlackRock Finance Europe Limited | ||
|---|---|---|
| BlackRock (Netherlands) B.V. | Below 5% | |
| BlackRock, Inc. | ||
| BlackRock Saturn Subco, LLC | ||
| BlackRock Finance, Inc. | ||
| Trident Merger, LLC | ||
| BlackRock Investment Management, LLC | ||
| Amethyst Intermediate, LLC | ||
| Aperio Holdings, LLC | ||
| Aperio Group, LLC | Below 5% | |
Annex: Notification of major holdings (only to be filed with the NOR-FSA)
| A: Identity of the person subject to the notification obligation |
|---|
| Full name (including legal form for legal entities) BlackRock, Inc. |
| Contact address (registered office for legal entities) c/o 12 Throgmorton Avenue, London, EC2N 2DL, U.K. |
| E-Mail [email protected] |
| Phone number / Fax number +44 (0) 20 7743 3650 / +44 (0) 20 7668 4045 |
| Other useful information (at least a contact person for legal persons) Jana Blumenstein |
| B: Identity of the notifier, if applicable |
| Full name Jana Blumenstein |
| Contact address 12 Throgmorton Avenue, London, EC2N 2DL, U.K. |
| E-Mail [email protected] |
| Phone number / Fax number +44 (0) 20 7743 3650 / +44 (0) 20 7668 4045 |
| Other useful information (e.g. functional relationship with the person or legal entity subject to the notification obligation) |
| C: Additional information: |
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