Orkla ASA - Remuneration Information 2019

Orkla ASA: Mandatory notification of trade - hedging of long-term incentive programme

Orkla has on 9 December 2019 entered into a total return swap transaction with

exposure to 1,730,000 underlying shares in Orkla ASA, with maturity date 11

March 2020. The transaction was settled at an initial share price of NOK 90.46.

The transaction is a hedge of Orkla's share price exposure under the Group's

cash-based long-term incentive (LTI) programme as described in note 5 of Orkla

ASA's annual accounts for 2018. The programme constitutes an exposure to the

performance of the Orkla share, as the amounts awarded are adjusted according to

the return on the Orkla until the disbursement date.

After the above transaction, Orkla has a hedging position equivalent to

1,730,000 underlying shares.

Orkla's total holding of treasury shares is 1,125,182 shares.

Orkla is a leading supplier of branded consumer goods and concept solutions to

the consumer, out-of-home and bakery markets in the Nordics, Baltics and

selected markets in Central Europe and India. Orkla is listed on the Oslo Stock

Exchange and its headquarters is in Oslo. In 2018, the Group had a turnover of

NOK 41 billion, and approximately 18,500 employees as of 31 December 2018.

Orkla ASA

Oslo, 9 December 2019

Ref.:

SVP Investor Relations

Thomas Ljungqvist

Mobile: +47 482 59 618

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This information is subject to the disclosure requirements pursuant to Section

5-12 the Norwegian Securities Trading Act

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