President and CEO Dag J Opedal has increased his holding of Orkla shares by exercising options.
On 4. July 2008, under its option programme for executive management, Orkla exercised 200,000 Orkla share options at a strike price of NOK 27.00.
On the same day, Mr Opedal transferred 140,000 shares at a price of NOK 64.00 to Alcaran AS, a company under formation that will be wholly owned by Mr Opedal.
The total number of options issued in Orkla shares is now 10,827,170. Orkla also has exposure through a cash-settled financial derivative of 1,400,000 underlying shares in the hedge position related to 676,500 synthetic options in the remaining part of the cash bonus programme.
Orkla currently holds 21,757,390 own shares.
Oslo, 4 July 2008
Ole Kristian Lunde, SVP Corporate Communications, Tel.: +47 90943135
Rune Helland, SVP Investor Relations, Tel.: +47 97713250