Orkla ASA — Remuneration Information 2021

Jun 2, 2021

Mandatory notification of trade - granting of stock options to primary insiders

Mandatory notification of trade - granting of stock options to primary insiders

As part of Orkla's Long Term Incentive Program set out in Orkla's executive

remuneration guidelines options have today, 2 June 2021, been granted to the

following primary insiders:

· Jaan Ivar Semlitsch, President & CEO

180,718 options

· Harald Ullevoldsæter, EVP CFO

70,509 options

· Christer Grönberg, EVP Group Functions                                70,389

options

· Atle Vidar Nagel-Johansen, EVP Orkla Foods                        89,416

options

· Hege Holter Brekke, EVP Orkla Care

66,793 options

· Ingvill T. Berg, EVP

OCS                                                         64,139 options

· Johan Clarin, EVP

OFI                                                             77,736 options

· Kenneth Haavet, EVP OC&FI

66,570 options

· Sverre Prytz, EVP M&A and Strategy

66,570 options

· Håkon Mageli, EVP Corp Affairs & Comm.                             46,840

options

Each share option gives the right to purchase one share in Orkla ASA. The strike

price of the options was set to NOK 82.06 per share based on the closing price

on 16 April 2021 plus 3% p.a. in the vesting period and adjusted for dividend

paid until exercise. The options will lapse if not exercised by 16 April 2026.

For members of the Group Executive Board, the options may only be exercised

after three years (16 April 2024), and for others the options are divided into

three tranches whereby 20% vests in year one, 20% in year two and 60% in year

three, with the first tranche vesting 16 April 2022. For further information,

see attachment available at www.newsweb.no.

Orkla ASA

Oslo, 2 June 2021

Ref.:

SVP Investor Relations

Kari Lindtvedt

Tel.: +47 950 75 114

This information is subject to disclosure requirements set out in the Market

Abuse Regulation EU 596/2014 Article 19

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

-12 the Norwegian Securities Trading Act