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Mandatory offer for Rieber & Søn ASA

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Orkla has become the owner of shares representing more than 90% of the total share capital and voting rights of Rieber & Søn ASA , and has furthermore resolved to implement a compulsory acquisition of all Rieber & Søn ASA shares not already owned by it.

The compulsory acquisition is being carried out in accordance with section 4-25 of the Norwegian Public Limited Companies Act.

The offer price is NOK 67.45 per share, which is the same price per share as paid to the Rieber family. The offer period is from and including 29 April 2013 to 27 May 2013 at 16:30 (CET). Settlement of the offer will take place no later than 10 June 2013.

Orkla has engaged DNB Markets as financial adviser and receiving agent in connection with the offer.

This notification does not in itself constitute an offer. The offer will only be made on the basis of the offer document and can only be accepted pursuant to the terms of such document.

The mandatory offer is sent to the shareholders of Rieber & Søn ASA, except for shareholders in jurisdictions where the offer document may not be lawfully distributed (Canada, Australia, New Zealand or South Africa). The offer document may be obtained from DNB Markets, Dronning Eufemias gate 30, P.O. Box 1600 Sentrum, N-0021 Oslo, and is available here: Mandatory offer