Mandatory notification of trade - options

Due to employee resignations, Orkla has cancelled 572,000 options with an
average price of 54.98. A total of 70,000 new options have been issued at an
exercise price of 53.41 with a three-year vesting period, followed by a three-
year period of exercise.

After this transaction, the total number of options issued in Orkla shares is
now 24,516,500. In addition Orkla has a hedge through a cash-settled financial
derivative of 600,000 underlying shares related to the option programmes.

Orkla owns 10,345,749 treasury shares.

Orkla ASA,
Oslo, 1 November 2011

Contact Investor Relations:
Rune Helland, Tel: +47 2254 4411

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







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Source: Orkla ASA via Thomson Reuters ONE

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