Trade subject to notification - Håkon Mageli

Håkon Mageli, SVP Corporate Affairs in Orkla, Friday transferred 29 755 shares in Orkla ASA at a share price of  NOK 40.80 to Matrospynten AS, org.no.: 993405809.
 
Matrospynten is Mageli's wholly-owned company. After this transaction, Mageli and his close associates own 51 736 shares and 90 000 options in Orkla ASA.
 
Orkla ASA,
Oslo, 15 December 2008
 
Contact:
Lars Røsæg, Orkla Investor Relations.
Tel.: +47 22 54 44 26