Trade subject to notification - employee shares 2007

We refer to the notice to the Oslo Stock Exchange dated 19 November 2007 regarding Orkla's offer to its employees to buy Orkla-shares. Today, 19 December 2007, Orkla has transferred 843,900 Orkla-shares to its employees.

After this transaction Orkla owns 12,037,390 Orkla-shares.  
A total of 8,307,170 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.
Siv Merethe S. Brekke, VP Investor Relations,
Tel.: +47 2254 4455