Accounting consequences for the third quarter

The structural changes related to Sapa Profiles and Building Systems, Borregaard Chemicals and the shareholding in REC will have a significant impact on the presentation of Orkla's consolidated financial statements. As of 30 September 2012, all of these areas will be presented as "Discontinued operations". This means that the businesses mentioned will no longer be consolidated as subsidiaries and associate, respectively, but will be presented as net aggregate profit/loss after tax on the line for "Discontinued operations" in the income statement. In the balance sheet, the discontinued operations will be presented on two lines, one for assets and one for liabilities.

As regards the income statement with associated notes, both the income statement for 2012 and comparative figures for 2011 will be restated. With regard to the balance sheet and cash flow statement, only the figures for the period will be restated. Restated historical figures for 2011 and 2012 will be made available prior to the announcement of results for Q3.

Orkla ASA,
Oslo, 24 October, 2012

Rune Helland, SVP Investor Relations
Tel: +47 22 54 44 11 / +47 97 71 32 50

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.