Orkla ASA — Share Issue/Capital Change 2014

Nov 10, 2014

Orkla ASA : Orkla s eierandel i Gränges fastsatt etter utløp av stabiliseringsperiode

Orkla ASA : Orkla s eierandel i Gränges fastsatt etter utløp av stabiliseringsperiode

IKKE FOR DISTRIBUSJON ELLER OFFENTLIGGJØRING, DIREKTE ELLER INDIREKTE, I USA,

CANADA, JAPAN ELLER AUSTRALIA.

Det vises til pressemelding fra Gränges AB (publ) ("Gränges") av 7. november

2104 vedrørende utløp av stabiliseringsperioden for børsintroduksjonen av

Gränges, se vedlegg. Som meddelt i børsmelding fra Orkla av 10. oktober 2014 ble

Carnegie Investment Bank AB og Skandinaviska Enskilda Banken AB ("Bankene")

tildelt en overallokeringsopsjon på å kjøpe opp til 6.717.500 tilleggsaksjer i

Gränges fra Orkla. Bankene har meddelt Orkla at opsjonen er utøvet i sin helhet,

hvilket medfører at Orklas eierandel i Gränges er 23.138.286 aksjer, tilsvarende

ca 31% av aksjekapitalen i Gränges.

Orkla ASA,

Oslo, 10. november 2014

For ytterligere informasjon, vennligst kontakt:

Rune Helland, SVP Investor Relations

Tel: +47 97 71 32 50

NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO

THE UNITED STATES, CANADA, JAPAN OR AUSTRALIA

DISCLAIMERS

This announcement is not an offer to buy any securities issued by Gränges AB

(publ) (the "Company") in any jurisdiction where such offer or sale would be

unlawful.

In any EEA Member State, other than Sweden and Norway, that has implemented

Directive2003/71/EC as amended (together with any applicable implementing

measures in any member State, the "Prospectus Directive"), this communication is

only addressed to and is only directed at qualified investors in that Member

State within the meaning of the Prospectus Directive.

This document and the information contained herein are not for distribution in

or into the United States of America. This document does not constitute an offer

to sell, or a solicitation of an offer to purchase, any securities in the United

States. Any securities referred to herein have not been and will not be

registered under the U.S. Securities Act of 1933, as amended (the "Securities

Act"), and may not be offered or sold within the United States absent

registration or an applicable exemption from, or in a transaction not subject

to, the registration requirements of the Securities Act. There is no intention

to register any securities referred to herein in the United States or to make a

public offering of the securities in the United States.

In the United Kingdom, this document and any other materials in relation to the

securities described herein is only being distributed to, and is only directed

at, and any investment or investment activity to which this document relates is

available only to, and will be engaged in only with, "qualified investors" (as

defined in section 86(7) of the Financial Services and Markets Act 2000) and who

are (i) persons having professional experience in matters relating to

investments who fall within the definition of "investment professionals" in

Article 19(5) of the Financial Services and Markets Act 2000 (Financial

Promotion) Order 2005 (the "Order"); or (ii) high net worth entities falling

within Article 49(2)(a) to (d) of the Order (all such persons together being

referred to as "relevant persons"). Persons who are not relevant persons should

not take any action on the basis of this document and should not act or rely on

it.

Any offering of securities will be made by means of a prospectus that may be

obtained from the issuer or selling security holder and that will contain

detailed information about the Company and management, as well as financial

statements. This document is an advertisement and not a prospectus for the

purposes of the Prospectus Directive.  Investors should not subscribe for any

securities referred to in this document except on the basis of information

contained in the prospectus.

Matters discussed in this release may constitute forward-looking statements.

Forward-looking statements are statements that are not historical facts and may

be identified by words such as "believe," "expect," "anticipate," "intends,"

"estimate," "will," "may," "continue," "should" and similar expressions.  The

forward-looking statements in this release are based upon various assumptions,

many of which are based, in turn, upon further assumptions.  Although the

Company believes that these assumptions were reasonable when made, these

assumptions are inherently subject to significant known and unknown risks,

uncertainties, contingencies and other important factors which are difficult or

impossible to predict and are beyond its control.  Such risks, uncertainties,

contingencies and other important factors could cause actual events to differ

materially from the expectations expressed or implied in this release by such

forward-looking statements.

The information, opinions and forward-looking statements contained in this

release speak only as at its date, and are subject to change without notice.

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

Denne opplysningen er informasjonspliktig etter verdipapirhandelloven §5-12

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