Orkla ASA — Major Shareholding Notification 2026

Jan 15, 2026

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Standard form for notification of major holdings

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the NOR-FSA)

1. Identity of the issuer:ORKLA ASADrammensveien 149AOsloNO-03NorwayLEI: 549300PZS8G8RG6RVZ52
		2. Reason for the notification (please tick the appropriate box or boxes):
☒☐☐☐Other (please specify):	An acquisition or disposal of shares or voting rightsAn acquisition or disposal of financial instrumentsAn event changing the breakdown of shares or voting rights
	3. Details of person subject to the notification obligation:
Name:BlackRock, Inc.		City and country of residence:Wilmington, DE U.S.A
4. Full name of shareholder(s)(if different from 3.):
14.1.2026	5. Date on which the threshold was crossed or reached:
		6. Total positions of person(s) subject to the notification obligation:
	% of shares andvoting rights(total of 7.A)	% of shares and votingrights through financialinstruments(total of 7.B)	Total of both in %(7.A + 7.B)	Total number ofshares and votingrights of issuer
Resulting situationon the date on which	5.00% shares	0.23% shares	5.23% shares	1,001,430,970shares
threshold wascrossed or reached	5.00% voting rights	0.23% voting rights	5.23% voting rights	1,001,430,970voting rights
Position of previous	4.96% shares	0.22% shares	5.19% shares
notification (ifapplicable)	4.96% voting rights	0.22% voting rights	5.19% voting rights

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7. Notified details of the resulting situation on the date on which the threshold was crossed or reached:

A: Shares and voting rights

Class/type ofshares		Number of shares and voting rights		% of shares and voting rights
ISIN code (ifpossible)	Direct(SMA 9:5)	Indirect(SMA 9:6 and 9:7)	Direct(SMA 9:5)	Indirect(SMA 9:6 and 9:7)
NO0003733800		50,111,134 shares50,111,134 votingrights		5.00% shares5.00% voting rights
SUBTOTAL A		50,111,134 shares50,111,134 voting rights	5.00% shares5.00% voting rights

Type of financialinstrument	Expirationdate	Exercise/ConversionPeriod	Physical or cashsettlement	Number ofshares andvoting rights	% of shares andvoting rights
AmericanDepositary	N/A	N/A	Physical	2,062,290shares	0.20% shares
Receipt(US6863311097)			2,062,290voting rights	0.20% voting rights
				291,113shares	0.02% shares
CFD	N/A	N/A	Cash	291,113 votingrights	0.02% voting rights
				2,353,403shares	0.23% shares
			SUBTOTAL B	2,353,403	0.23% voting rights

voting rights

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8. Information in relation to the person subject to the notification obligation (please tick theapplicable box):
☐(underlying) issuer.	Person subject to the notification obligation is not controlled by any natural person or legalentity and does not control any other undertaking(s) holding directly or indirectly an interest in the
☒Fulllegal entity:	chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held starting with the ultimate controlling natural person or
Name	% of shares and voting% of shares and votingrights throughTotal of bothrightsfinancial instruments
See Annex

10. Additional information:

The disclosure obligation arose due to voting rights attached to shares and votes for BlackRock, Inc. going above 5%.

9. In case of proxy voting: [name of the proxy holder] will cease to hold [% and number**] voting rights as of**

Done at 12 Throgmorton Avenue, London, EC2N 2DL, U.K. on 15 January 2026

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Annex

Full chain of controlled undertakings starting with the ultimate controlling natural person or legal entity;

Name	% of shares andvoting rights	% of shares andvoting rightsthrough financialinstruments	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, LLCBlackRock Investment Management, 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 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.

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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.

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BlackRock Finance, Inc.BlackRock Holdco 2, Inc.BlackRock Financial Management, Inc.BlackRock International Holdings, Inc.BlackRock Canada Holdings ULCBelow 5%BlackRock Asset Management Canada LimitedBlackRock, Inc.BlackRock Saturn Subco, LLCBlackRock Finance, Inc.BlackRock Holdco 2, Inc.BlackRock Financial Management, Inc.BlackRock Capital Holdings, Inc.Below 5%BlackRock Advisors, LLCBlackRock, Inc.BlackRock Saturn Subco, LLCBlackRock Finance, Inc.BlackRock Holdco 2, Inc.BlackRock Financial Management, Inc.BlackRock International Holdings, Inc.BR Jersey International Holdings L.P.BlackRock Holdco 3, LLCBlackRock Cayman 1 LPBlackRock Cayman West Bay Finco LimitedBlackRock Cayman West Bay IV LimitedBlackRock Group LimitedBlackRock Finance Europe LimitedBelow 5%BlackRock Advisors (UK) LimitedBlackRock, Inc.BlackRock Saturn Subco, LLCBlackRock 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.Below 5%BlackRock (Singapore) LimitedBlackRock, Inc.BlackRock Saturn Subco, LLCBlackRock Finance, Inc.BlackRock Holdco 2, Inc.BlackRock Financial Management, Inc.BlackRock International Holdings, Inc.BR Jersey International Holdings L.P.BlackRock Holdco 3, LLCBlackRock Cayman 1 LPBlackRock Cayman West Bay Finco LimitedBlackRock Cayman West Bay IV LimitedBlackRock Group Limited
	BlackRock Saturn Subco, LLC

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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%

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Annex: Notification of major holdings (only to be filed with the NOR-FSA)

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-Mailemeadisclosures@blackrock.comPhone number / Fax number+44 (0) 20 7743 3650 / +44 (0) 20 7668 4045Other useful information (at least a contact person for legal persons)Jana BlumensteinB: Identity of the notifier, if applicableFull nameJana BlumensteinContact address12 Throgmorton Avenue, London, EC2N 2DL, U.K.E-Mailemeadisclosures@blackrock.comPhone number / Fax number+44 (0) 20 7743 3650/ +44 (0) 20 7668 4045Other useful information (e.g. functional relationship with the person or legal entity subject to thenotification obligation)C: Additional information:	A: Identity of the person subject to the notification obligation