The Board of Directors' proposals to Orkla's General Meeting

The Annual General Meeting of Orkla ASA will be held at Gamle Logen, Grev Wedels plass 2, 0151 Oslo, on Thursday, 23 April 2009 at 3 p.m.

At a meeting on 18 February 2009 the Board of Directors decided to submit the following resolutions to Orkla's General Meeting:
 
1)
The Board of Directors proposes an ordinary dividend for 2008 of NOK 2.25 per share, equal to the dividend of NOK 2.25 per share paid for the year of 2007. The share will be quoted exclusive of the dividend on 24 April 2009. Subject to the decision of the General Meeting regarding the share dividend, the dividend will be paid on 6 May 2009 to shareholders of record as of the date of the Annual General Meeting.
 
2)
The Board of Directors proposes that the General Meeting of Orkla ASA give the Board of Directors authorisation to increase share capital through the subscription of new shares with an aggregate nominal value of up to NOK 90,000,000 divided between a maximum of 72,000,000 shares, each with a nominal value of NOK 1.25. The authorisation may be used for one or more share issues.
 
Orkla ASA
Oslo, 19 February 2009

Contact points:
 
Rune Helland
SVP Orkla Investor Relations
Tel.: +47 22 544411
 
Lars Røsæg
Orkla Investor Relations
Tel.: +47 22 544426