Trade subject to notification - employee shares 2008

We refer to the notice to the Oslo Stock Exchange dated 13 November 2008 regarding Orkla's offer to its employees to buy Orkla-shares. On 12 December 2008, Orkla transferred 1,990,613 Orkla-shares to its employees.
After this transaction Orkla owns 12,051,772 Orkla-shares.  
A total of 10,647,165 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 601,500 synthetic options of the cash bonus programme.
Orkla ASA
Oslo, 15 December 2008
Rune Helland, SVP Investor Relations,
Tel.: +47 2254 4411