Orkla ASA: BRG - Mandatory notification of trade and disclosure of significant holding

BRG Holding AS, a wholly-owned subsidiary of Orkla, has today sold 14,900,000 shares in Borregaard ASA (BRG), representing 14.9 percent of the total share capital of BRG at a price of NOK 26 per share. BRG Holding AS owns no shares in BRG after the transaction.

As a consequence of the transaction BRG Holding AS has passed the thresholds of 10 and 5 percent of the outstanding share capital, cf. the Securities Trading Act section 4-3 first paragraph.

BRG Holding AS is primary insider in BRG.

Orkla ASA,
Oslo, 16 May 2013

For further information, please contact:

Rune Helland, SVP Investor Relations
Tel: +47 22 54 44 11/ +47 97 71 32 50

Håkon Mageli, Executive Vice President, Communication and Corporate Affairs
Tel: +47 928 45 828

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.