Orkla ASA: Orkla initiates share buyback program

Orkla ASA (''Orkla'') has decided to initiate a share buyback program for up to 1.5 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 14 April 2016.

The buyback will be executed according to the market price on the Oslo Stock Exchange. The program will be initiated today and terminated on 12 April 2017 at the latest.

The shares purchased under this program will be used for Orkla's stock- and incentive program for own employees.

Orkla ASA
Oslo, 20 February 2017

Ref.:

IR & Communications Manager
Elise Heidenreich
Tel.: +47 951 41 147

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