Trade subject to notification - options

On 19 September 2008, in connection with Orkla`s option programme, 15 000 options in Orkla-shares were exercised at a strike price of NOK 40.14 per share.
 
A total of 10 782 170 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 21 677 390 treasury shares.
 
Orkla ASA,
Oslo, 19 September 2008
 
Contact:
Lars Røsæg, Orkla Investor Relations.
Tel.: +47 22 54 44 26