Disclosure of shareholding and trade subject to notification in Fornebu Utvikling ASA (FBU)

Orkla ASA has yesterday after the close of the Oslo Stock Exchange entered into an agreement to sell 268 618 858 shares in Fornebu Utvikling  (representing 32.4 % of the total share capital) for a price per share of NOK 2.45. Completion of the transaction is conditional upon consent from Norwegian competition authorities (Konkurransetilsynet). Orkla holds no shares in Fornebu Utvikling following the transaction.

"The sale of the shares in Fornebu Utvikling  is part of Orkla`s strategy to refocus financial and managerial resources into growth within branded goods," says Orkla President and CEO Bjørn M. Wiggen.

Orkla is represented on the Board of Directors in Fornebu Utvikling  by Roar Engeland

Orkla ASA
Oslo, 31 January 2012

Contact:

SVP Investor Relations
Rune Helland
Tel: +47 977 13250

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)