Trade subject to notification - Employee Shares 2008

Reference is made to the notice to the Oslo Stock Exchange dated 15 December 2008 regarding Orkla`s offer to its employees to buy Orkla-shares. Following a final adjustment, a further 884 shares has been transferred to Orkla-employees on 18 December 2008.
 
Following this, a total of 1 991 497 Orkla-shares has been transferred to its employees in connection with the Employee Shares 2008 programme.
 
Orkla owns 11 869 223 treasury shares.
 
Orkla ASA,
Oslo, 19 December 2008
 
Contact:
Lars Røsæg, Orkla Investor Relations
Tel.: +47 22544426