Mandatory notification of trade - Åge Korsvold

Through the related company Gyljandi AS, on 9 June 2011, Åge Korsvold, Deputy Chairman of the Board of Directors of Orkla ASA, signed a forward contract to buy 200,000 shares in Orkla ASA with a due date of 8 December 2011 at a price of NOK 51.78 per share.

Following this transaction, Åge Korsvold and related parties control 220,000 shares in Orkla ASA.

Orkla ASA,
Oslo, 10 June 2011

Rune Helland, SVP Investor Relations
Tel.: +47 22 54 44 11

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