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Orkla ASA Remuneration Information 2023

May 16, 2023

3703_dirs_2023-05-16_22efa0ec-1bde-4cd8-a79d-ef92391710a9.html

Remuneration Information

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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, 16 May 2023, been granted for 2022

to the following primary insiders:

Nils K. Selte, President & CEO 258 133 options

Harald Ullevoldsæter, EVP CFO          72 929 options

Christer Grönberg, EVP HR 69 166 options

Atle Vidar Nagel-Johansen, EVP & Investment Executive        131 002 options

Hege Holter Brekke, EVP & Investment Executive          75 697 options

Øyvind Torpp, EVP & Investment Executive        131 002 options

Maria Syse-Nybraaten, EVP & Investment Executive          70 244 options

Audun Stensvold, EVP & Investment Executive          70 212 options

Håkon Mageli, EVP Corp Affairs & Comm.           61 554 options

Camilla T. Robstad, EVP Legal & Compliance          60 231 options

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

price of the options was set to NOK 73.14 per share based on the closing price

on 14 April 2023 plus 3% p.a. in the vesting period and adjusted for dividend

paid until exercise. The options will lapse if not exercised by 14 April 2028.

The options may only be exercised after 3 years (14 April 2026). For further

information, see attachment available at www.newsweb.no.

Orkla ASA

Oslo, 16 May 2023

Ref.:

Investor Relations Manager

Kjetil Sørum

Tel.: +47 99 60 29 64

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

Abuse Regulation EU 596/2014 Article 19 and the Norwegian Securities Trading Act

Section 5-12.