Trade subject to notification

Fresje AS, a company related to Orkla Board Chairman Stein Erik Hagen, has on 16 December 2010 sold 55 000 shares in Orkla ASA at a share price of NOK 56.00.

After the completion of this transaction, Stein Erik Hagen and related parties own a total of 239 887 000 shares in Orkla ASA, equivalent to 23.3 % of shares outstanding.

Orkla ASA
Oslo, 17 December 2010

Rune Helland, SVP Orkla Investor Relations
Tel: +47 977 13 250



This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)