Bond NO 10439193 ORK 12 (2008/12)

Orkla has decided to exercise its call option on the above mentioned bond.

The outstanding amount of NOK 600 million will be redeemed in its entirety at par on 06.06.2011.

Arvid Østbø, VP Head of Group Funding
Tel: +47 9177 6830

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