Options issued

According to the resolution adopted by the General Meeting on 14 April 2011, 5,719,000 options for executive management and key personnel have been issued today. According to Orkla's option regulations the exercise price is set 10 % higher than close price the day after the release of the first quarter results. This gives an exercise price of NOK 57.53. The options have 6 years maturity terms, and may be exercised in the last three years.

The list of primary insiders that this transaction concerns is attached herewith.


After these transactions, the total number of options issued in Orkla shares is now 25,018,500. Orkla has a hedge through a cash-settled financial derivative of 600,000 underlying shares related to the option programmes.



Orkla owns 6,545,749 treasury shares.


Orkla ASA
Oslo, 10 May 2011


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