Orkla ASA (OSL:ORK) Amortisation Of Own Shares

Orkla ASA (OSL:ORK) On 24 April 2008 the Annual General Meeting of Orkla adopted to reduce the company`s share capital by NOK 9,375,000 by redeeming (amortising) 7,500,000 of the shares owned by Orkla ASA.

The amortisation (cancellation) of shares has now been carried out and the number of shares in the company has been reduced from 1,036,430,970 to 1,028,930,970. The share capital has been reduced from NOK 1,295,538,712.50 to NOK 1,286,163,712.50.

Following this amortisation Orkla owns 14,177,390 own shares.

Orkla ASA Oslo, 20 October 2008

Contact: Rune Helland, SVP Orkla Investor Relations Tel: +47 22 54 44 11

Lars Røsæg, Orkla Investor Relations Tel: +47 22 54 44 26

This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.

Orkla ASA

http://www.orkla.com

ISIN: NO0003733800

Stock Identifier: XOSL.ORK