Trade subject to notification

On 25 March 2008, in connection with Orkla`s option programme, 25 000 options were exercised at a strike price of NOK 27.00 per share, and 15 000 options were exercised at a strike price of NOK 40.14 per share. In addition 25 000 synthetic options were exercised at a price of NOK 20.51.

 

A total of 8 142 170 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 21 987 390 of its own shares.

 

Orkla ASA,

Oslo, 26 March 2008

 

Contact:

Rune Helland, Investor Relations,

Tel.: +47 2254 4411

 

Lars Røsæg, Orkla Investor Relations.

Tel.: +47 2254 4426