Mandatory notification of trade - granting of stock options to primary insiders

25 Jun 2024 10:01 CEST

As part of Orkla's Long Term Incentive Program set out in Orkla's executive
remuneration guidelines, options have today, 25 June 2024, been granted for 2023
to the following primary insiders:

Nils K. Selte President & CEO 249 861 Options
Atle Vidar Nagel Johansen EVP & Investment Executive 125 596 Options
Audun Stensvold EVP & Investment Executive 71 198 Options
Camilla Tellefsdal Robstad EVP Legal & Compliance 59 411 Options
Christer Grönberg EVP HR 66 949 Options
Hege Holter Brekke EVP & Investment Executive 73 271 Options
Håkon Mageli EVP Corp Affairs & Comm. 59 581 Options
Maria Syse-Nybraaten EVP & Investment Executive 71 231 Options
Øyvind Torpp EVP & Investment Executive 126 804 Options

Each share option gives the right to purchase one share in Orkla ASA. The strike
price of the options was set to NOK 71,90 per share based on the closing price
on 19 April 2024 plus 3% p.a. in the vesting period and adjusted for dividend
paid until exercise. The options can be exercised after three years at the
earliest and the options expire if they are not exercised within five years. For
further information, see attachment available at www.newsweb.no.

Orkla ASA
Oslo, 25 June 2024

Ref.:
SVP Investor Relations
Kari Lindtvedt
Tel.: +47 950 75 114

This information is subject to disclosure requirements set out in the Market
Abuse Regulation EU 596/2014 Article 19 and the Norwegian Securities Trading Act
Section 5-12.

More information:
Access the news on Oslo Bors NewsWeb site

622308_Attachment_mandatory_notification_options.pdf