Trade subject to notification

The following primary insiders at Orkla ASA have on 18 October entered into an agreement with Orkla ASA to receive 41,500 Orkla B shares free of charge and at the same time purchase 41,500 Orkla B shares at a share price of NOK 97.50. (See separate notice regarding “Share purchase scheme for key personnel”).

Håkon Chr. Andersen has received 2,500 Orkla B shares and purchased 2,500 Orkla B shares. His new shareholding now consists of 16 Orkla A shares and 7,184 Orkla B shares, totalling 7,200 shares.
Paul Bergqvist has received 2,500 Orkla B shares and purchased 2,500 Orkla B shares. His new shareholding now consists of total 5,000 Orkla B shares.
Roar Engeland has received 2,000 Orkla B shares and purchased 2,000 Orkla B shares. His new shareholding now consists of 72 Orkla A shares and 4,000 Orkla B shares, totalling 4,072 shares.
Bent Fuglesang has received 1,000 Orkla B shares and purchased 1,000 Orkla B shares. His new shareholding now consists of 20,480 Orkla A shares and 4,824 Orkla B shares, totalling 25,304 shares.
John Giverholt has received 2,000 Orkla B shares and purchased 2,000 Orkla B shares. His new shareholding now consists of total 4,000 Orkla B shares.
Jens P. Heyerdahl d.y. has received 2,500 Orkla B shares and purchased 2,500 Orkla B shares. His (and his close associates) new shareholding now consists of 331,956 Orkla A shares and 96,220 Orkla B shares, totalling 428,176 shares.
Jens Hoel has received 1,000 Orkla B shares and purchased 1,000 Orkla B shares. His new shareholding now consists of total 2,000 Orkla B shares.
Finn Jebsen has received 2,500 Orkla B shares and purchased 2,500 Orkla B shares. His (and his close associates) new shareholding now consists of 97,812 Orkla A shares and 76,120 Orkla B shares, totalling 173,932 shares.
John Jørgensen has received 2,500 Orkla B shares and purchased 2,500 Orkla B shares. His new shareholding now consists of 17,052 Orkla A shares and 7,072 Orkla B shares, totalling 24,124 shares.
Lisbeth Lindberg has received 2,000 Orkla B shares and purchased 2,000 Orkla B shares. Her new shareholding now consists of total 4,436 Orkla B shares.
Jan Lindh has received 2,500 Orkla B shares and purchased 2,500 Orkla B shares. His new shareholding now consists of 24,000 Orkla A shares and 5,000 Orkla B shares, totalling 29,000 shares.
Bjørn Erik Næss has received 2,000 Orkla B shares and purchased 2,000 Orkla B shares. His new shareholding now consists of 16 Orkla A shares and 4,000 Orkla B shares, totalling 4,016 shares.
Morten Ringvold has received 2,000 Orkla B shares and purchased 2,000 Orkla B shares. His (and his close associates) new shareholding now consists of 10,000 Orkla A shares and 19,768 Orkla B shares, totalling 29,768 shares.
Tom Vidar Rygh has received 2,500 Orkla B shares and purchased 2,500 Orkla B shares. His new shareholding now consists of 47,624 Orkla A shares and 5,000 Orkla B shares, totalling 52,624 shares.
Halvor Stenstadvold has received 2,500 Orkla B shares and purchased 2,500 Orkla B shares. His new shareholding now consists of total 5,000 Orkla B shares.
Per A. Sørlie has received 2,500 Orkla B shares and purchased 2,500 Orkla B shares. His new shareholding now consists of total 5,000 Orkla B shares.
Egil M. Ullebø has received 2,500 Orkla B shares and purchased 2,500 Orkla B shares. His new shareholding now consists of 43,044 Orkla A shares and 12,404 Orkla B shares, totalling 55,448 shares.
Bjørn M. Wiggen has received 1,500 Orkla B shares and purchased 1,500 Orkla B shares. His new shareholding now consists of 14,536 Orkla A shares and 5,184 Orkla B shares, totalling 19,720 shares.
Tor Aamot has received 2,000 Orkla B shares and purchased 2,000 Orkla B shares. His new shareholding now consists of total 4,500 Orkla B shares.
Geir Aarseth has received 1,000 Orkla B shares and purchased 1,000 Orkla B shares. His new shareholding now consists of 800 Orkla A shares and 2,652 Orkla B shares, totalling 3,452 aksjer.