12.03.15, 8:42

Change in the Board of Directors' proposals to Orkla's General Meeting

Reference is made to the stock exchange notice of 9 February 2012 regarding the Board of Directors' proposals to Orkla's General Meeting, stating that the Board of Directors proposes that the General Meeting resolves to redeem (amortise) 3,800,000 treasury shares.

Due to the fact that Orkla, following the board meeting of 8 February 2012, has acquired 6,921,000 treasury shares under the proxy to acquire own shares issued by the ordinary General Meeting in 2011, the Board of Directors has in a board meeting on 14 March 2012 decided to propose an increase in the number of shares to be redeemed (amortised) to a total of 10,000,000 shares:

"The Board of Directors proposes that the General Meeting of Orkla ASA resolves to reduce the share capital by NOK 12,500,000 from NOK 1,286,163,712.50 to NOK 1,273,663,712.50 by redeeming (amortising) 10,000,000 shares owned by Orkla ASA. The number of shares in the company will be reduced from 1,028,930,970 to 1,018,930,970".

Orkla ASA
Oslo, 15 March 2012

Rune Helland
SVP Orkla Investor Relations
Tel.: +47 22 54 44 11/+47977 13250

Siv Merethe S. Brekke
VP Orkla Investor Relations
Tel.: +47 2254 44 55/+47 930 56093

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
HUG#1594259

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