Trade subject to notification - Stein Erik Hagen

Company closely associated with Stein Erik Hagen, Chairman of the Board of Orkla ASA, has on 20. May 2008 bought 300 000 shares in Orkla ASA at an average share price of NOK 76.90.
After this transaction, Stein Erik Hagen and his close associates own 239,842,000 shares in Orkla ASA, corresponding to 23.1 % of outstanding shares in Orkla.
Orkla ASA
Oslo, 20. May 2008
Lars Røsæg, Orkla Investor Relations,
Tel: +47 2254 4426