Orkla ASA (OSL:ORK) Trade Subject To Notification - Shares For Employees 2008

Orkla ASA (OSL:ORK) Employees in 26 countries have been offered the opportunity to buy Orkla shares at a discount for the amount of NOK 4 000, NOK 12 000, NOK 20 000 or NOK 28 000. This year the discount was increased from 20 % to 25 %. The purchase price will be set at Orkla's closing price at 12 November 2008, minus the 25 % discount. The offer is valid from 3 - 11 November 2008. This programme was introduced in 1999.

The following primary insiders have bought shares in Orkla on 4 November 2008 (see attachment):

The purchase price and the number of shares acquired by the primary insiders, as well as their updated shareholdings, will be notified the Stock Exchange following the determination of the purchase price.

Orkla ASA Oslo, 5 November 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.



LINK: http://hugin.info/111/R/1266620/279165.pdf

Orkla ASA

http://www.orkla.com

ISIN: NO0003733800

Stock Identifier: XOSL.ORK