Options issued

According to the resolution adopted by the General Meeting on 24 April 2008, 2,915,000 options for executive management and key personnel have been issued today. The options have an exercise price of NOK 81.40 and a life of 6 years, and may be exercised in the last three years.
 
The list of primary insiders that this transaction concerns is attached herewith.
 
The total number of options issued is now 11,057,170. Orkla also has an 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 owns 21,987,390 treasury shares.
 
Orkla ASA
Oslo, 8 May 2008
 
 
 
Contacts:
Rune Helland, SVP Investor Relations, Tel.: + 4722544411
Lars Røsæg, Investor Relations, Tel.: +4722544426