Orkla ASA: Orkla initiates share buyback program

Orkla ASA (''Orkla'') has decided to initiate a share buyback program for up to 10 million shares in the market.

The buyback program will be conducted in accordance with the authorization provided by the annual general meeting to the board of directors on 12 April 2018. The buyback will be executed according to the market price on the Oslo Stock Exchange. The program will be initiated today and terminated on 23 June 2018 at the latest. The shares purchased under this program will be used for Orkla's Share for Employees program as approved by the general meeting on 12 April 2018 as well as for amortization purposes.

Orkla ASA
Oslo, 30 April 2018

Ref.:

Senior Vice President Group Treasury
Geir Solli
Tel.: +47 995 42 789

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