Mandatory notification of trade - options

On 9 December 2010, in connection with Orkla`s option programme, 55,000 options in Orkla-shares were exercised at a strike price NOK 40.47 per share and 20,000 options at NOK 46.74.

After this transaction, the total number of options issued in Orkla shares is now 20,577,000. In addition Orkla has a hedge through a cash-settled financial derivative of 600,000 underlying shares related to the option programmes.

Orkla owns 7 447 325 treasury shares.

Orkla ASA
Oslo, 9 December 2010

Contact Orkla Investor Relations:
Rune Helland, Tel: +47 2254 4411

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