Trade subject to notification - options

On 3 November 2008, in connection with Orkla`s option programme, 15 000 options in Orkla-shares were exercised at a strike price of NOK 27.00 per share and 15 000 options in Orkla-shares were exercised at a strike price of NOK 40.47 per share
 
A total of 10 752 170 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 676 500 synthetic options of the cash bonus programme.
 
Orkla holds 14 147 390 treasury shares.
 
Orkla ASA,
Oslo, 3 November 2008
 
Contact:
Lars Røsæg, Orkla Investor Relations.
Tel.: +47 22 54 44 26