Mandatory notification

Dag J. Opedal, CEO in Orkla ASA, transferred today on 18 December 2009, 34,274 shares in Orkla ASA to Alcaran AS, Business Register Number 992868597. The shares were transferred to a share price of NOK 55.45 per share.

Alcaran AS is Opedal’s wholly-owned company. After this transaction, Dag J. Opedal and his close associates own 342,173 shares and 1,270,000 options in Orkla ASA.

Orkla ASA,
Oslo, 18 December 2008

Contact Orkla Investor Relations:
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)