Orkla ASA - Remuneration Information 2024

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, 25 June 2024, been granted for 2023

to the following primary insiders:

Nils K. Selte President & CEO 249 861 Options

Atle Vidar Nagel Johansen EVP & Investment Executive 125 596 Options

Audun Stensvold EVP & Investment Executive 71 198 Options

Camilla Tellefsdal Robstad EVP Legal & Compliance 59 411 Options

Christer Grönberg EVP HR 66 949 Options

Hege Holter Brekke EVP & Investment Executive 73 271 Options

Håkon Mageli EVP Corp Affairs & Comm. 59 581 Options

Maria Syse-Nybraaten EVP & Investment Executive 71 231 Options

Øyvind Torpp EVP & Investment Executive 126 804 Options

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

price of the options was set to NOK 71,90 per share based on the closing price

on 19 April 2024 plus 3% p.a. in the vesting period and adjusted for dividend

paid until exercise. The options can be exercised after three years at the

earliest and the options expire if they are not exercised within five years. For

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

Orkla ASA

Oslo, 25 June 2024

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 and the Norwegian Securities Trading Act

Section 5-12.

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