Corr*: Trade subject to notification

On 24 June 2008, in connection with Orkla`s option programme, 15 000 options were exercised at a strike price of NOK 40.14* per share.
 
A total of 11 027 170 options in Orkla have currently been issued. Moreover, Orkla has an
exposure through a cash-settled financial derivative of 1 400 000 underlying shares in the
hedge-position related to the remaining 676 500 synthetic options of the cash bonus programme.
 
Orkla holds 21 957 390 treasury shares.
 
Orkla ASA,
Oslo, 25 June 2008
 
Contact:
Rune Helland, SVP Orkla Investor Relations,
Tel.: +47 22 54 44 11
 
Lars Røsæg, Orkla Investor Relations.
Tel.: +47 22 54 44 26