Orkla ASA :Mandatory notification of trade - Åge Korsvold

Through the related company Gyljandi AS, on 8 December 2011, Åge Korsvold, Deputy Chairman of the Board of Directors of Orkla ASA, signed a forward contract to buy 200,000 shares in Orkla ASA with a due date of 7 June 2012 at a price of NOK 44.92 per share.

Following this transaction, Åge Korsvold and related parties control 220,000 shares in Orkla ASA.

Orkla ASA,
Oslo, 8 December 2011

Contact Orkla Investor Relations
Siv Merethe S. Brekke
Tel.: +47 930 56093

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