On 2 November 2009, in connection with Orkla`s option programme, 15 000 options in Orkla-shares were exercised at a strike price of NOK 27.00 per share.
Primary insider Terje Andersen (CFO Orkla ASA) exercised the options and at the same time sold 15,000 shares in the market at an average price of NOK 51.96. After this transaction Andersen`s new holding in Orkla ASA is 34,493 shares and 220,000 options.
After these transactions, the total number of options issued in Orkla shares is now 16,662,000 in addition to 134,000 synthetic options in the remaining part of the cash bonus programme. Orkla has a hedge through a cash-settled financial derivative of 600,000 underlying shares related to the option programmes.
Orkla owns 11,777,004 treasury shares.
Oslo, 3 November 2009
Siv Merethe S. Brekke, VP Investor Relations, Tel: +47 930 56093