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

The Annual General Meeting of Orkla ASA will be held on Thursday 19 April 2012 at 3 p.m. at The Norwegian Opera & Ballet, Kirsten Flagstads plass 1, Oslo.
At a meeting on 8 February 2012 the Board of Directors decided to submit the following resolutions to Orkla's General Meeting:
The Board of Directors proposes an ordinary dividend for 2011 of NOK 2.50 per share, equal to the ordinary dividend paid for the year of 2010. The share will be quoted exclusive of the dividend on 20 April 2012. Subject to the decision of the General Meeting regarding the share dividend, the dividend will be paid on 3 May 2012 to shareholders of record as of the date of the Annual General Meeting.
The Board of Directors proposes that the General Meeting of Orkla ASA resolves to reduce the share capital by NOK 4,750,000 from NOK 1,286,163,712.50 to NOK 1,281,413,712.50 by redeeming (amortising) 3,800,000 shares owned by Orkla ASA. The number of shares in the company will be reduced from 1,028,930,970 to 1,025,130,970. The amount by which the share capital is reduced will be used to cancel the company's own shares.
Orkla's Annual Report 2011 will be released on 29 March 2012.
Orkla ASA
Oslo, 9 February 2012
Rune Helland
SVP Orkla Investor Relations
Tel.: +47 22 54 44 11
Siv Merethe S. Brekke
VP Orkla Investor Relations
Tel.: +47 22 54 44 55
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.