Orkla ASA - Share Issue/Capital Change 2021

Mandatory notification of trade - Shares for employees 2021

Employees in more than 20 countries have been offered the opportunity to buy

Orkla shares at a discount, for the amount of NOK 7 500, NOK 11 250 or NOK 22

500 (after discount). The purchase price will be set at Orkla's closing price on

28 May 2021, minus 25% discount.

The offer is valid from 25 - 28 May 2021. This programme was introduced in 1999.

Please see the attachment for an overview of the primary insiders who have

ordered shares in Orkla on 25 May 2021.

The purchase price and the number of shares acquired by the primary insiders, as

well as their updated shareholdings, will be notified the Stock Exchange

following the determination of the purchase price.

Orkla ASA

Oslo, 25 May 2021

Ref.:

SVP Investor Relations

Kari Lindtvedt

Tel.: +47 95 07 51 14

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

-12 the Norwegian Securities Trading Act

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