On 10 December 2008, Canica AS, a company related to Orkla Board Chairman Stein Erik Hagen, transferred 16,000,000 shares in Orkla ASA as a contribution in kind to Canica Investor AS, another company related to Stein Erik Hagen. The transaction was effected at a share price of NOK 41.25.
This transaction entails no change in the shareholding owned by Stein Erik Hagen and related parties in Orkla ASA, which totals 239,942,000 shares in Orkla ASA, equivalent to 23.3 % of shares outstanding.
Oslo, 10 December 2008
Rune Helland, SVP Orkla Investor Relations,
Tel: +47 2254 4411