Trade subject to notification - options

On 8 December 2008, 20 000 synthetic options were exercised at a strike price of NOK 20.51 per share.
 A total of 10 720 500 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 14 115 720 treasury shares.
 
Orkla ASA,
Oslo, 8 December 2008
 Contact:
Rune Helland, SVP Orkla Investor Relations. 
Tel.: +47 22 54 44 11