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The Board of Directors' proposals to Orkla's General Meeting

The Annual General Meeting of Orkla ASA will be held at Gamle Logen, Grev Wedels plass 2 in Oslo, on Thursday 14 April 2011 at 3 p.m.

At a meeting on 9 February 2011 the Board of Directors decided to submit the following resolutions to Orkla's General Meeting:

1)
The Board of Directors proposes an ordinary dividend for 2010 of NOK 2.50 per share, up from the dividend of NOK 2.25 per share paid for the year of 2009. The share will be quoted exclusive of the dividend on 15 April 2011. Subject to the decision of the General Meeting regarding the share dividend, the dividend will be paid on 29 April 2011 to shareholders of record as of the date of the Annual General Meeting.

2)
The Board of Directors proposes that the General Meeting of Orkla ASA give the Board of Directors authorisation to increase share capital through the subscription of new shares with an aggregate nominal value of up to NOK 90,000,000 divided between a maximum of 72,000,000 shares, each with a nominal value of NOK 1.25. The authorisation may be used for one or more share issues.

Orkla's annual report 2010, will be released on 24 March 2011.