Disclosure of shareholdings - Proxies for extraordinary general meeting 2011

In connection with Orkla's extraordinary general meeting, Stein Erik Hagen, chair of the Board of Directors in Orkla ASA, has been assigned voting rights based on proxies for 8,694,577 shares in Orkla ASA. The proxies apply exclusively to the extraordinary general meeting in Orkla ASA on 3 November 2011.

This entails that Stein Erik Hagen and closely related parties collectively hold a total of 25.1% of the votes in Orkla, of which 0.8% as voting rights based on proxies and 24.3% through closely related party companies: Canica AS, Canica Investor AS, Tvist 5 AS, Stein Erik Hagen AS, and Treschow-Fritzøe AS.

Orkla ASA
Oslo, 18 October 2011

Contacts Orkla Investor Relations:
Rune Helland, Tel.: +47 22 54 44 11
Siv Merethe S. Brekke, Tel: +47 22 54 44 55 

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