Trade subject to notification - options

On 10 December 2008, in connection with Orkla`s option programme, 10 000 options in Orkla-shares were exercised at a strike price of NOK 27.20 per share.
 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 holds 14 042 385 treasury shares.
 
Orkla ASA,
Oslo, 11 December 2008
 Contact:
Rune Helland, SVP Orkla Investor Relations. 
Tel.: +47 22 54 44 11