Trade subject to notification

On 13 March 2008, in connection with Orkla`s option programme, 15 000 options in Orkla-shares were exercised at a strike price of NOK 40,14
A total of 8 182 170 options in Orkla have currently been issued. Moreover, Orkla has an exposure through a cash-settled financial derivative of 1 400 000 underlying shares in the hedge-position related to the remaining 701 500 synthetic options of the cash bonus programme.
Orkla holds 21,987,390 of its own shares.
Orkla ASA
Rune Helland, Investor Relations,
Tel.: +47 2254 4411