Trade subject to notification - options

On 12 December 2008, in connection with Orkla`s option programme, 80 000 options in Orkla-shares were exercised at a strike price of NOK 27.20 per share.
 
In addition, 15 000 synthetic options were exercised at a strike price of NOK 20.51 per share.
 
A total of 10 567 165 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 586 500 synthetic options of the cash bonus programme.
 
Orkla holds 11 971 772 treasury shares.
 
Orkla ASA,
Oslo, 15 December 2008
 
Contact:
Lars Røsæg, Orkla Investor Relations.
Tel.: +47 22 54 44 26