Orkla initiates share buyback

20 Nov 2024 08:00 CET

Orkla ASA ("Orkla") has decided to initiate a share buyback program. The purpose
of the share buyback program is to acquire shares for use in connection with
Orkla's long-term employee incentive programs. The buyback program will be
conducted in accordance with the authorization provided by the annual general
meeting to the board of directors on 18 April 2024. The share buyback program
will be for a maximum of 5,000,000 shares and will comprise acquisitions of own
shares for an aggregate amount of up to NOK 600,000,000 (based on the maximum
share price of NOK 120 per share as set out in the authorization from the
general meeting). The program will commence on 20 November 2024 and continue
until 1 April 2025 at the latest.

The buyback program will be managed by Danske Bank, Norwegian Branch, which will
make its trading decisions in relation to the acquisition of shares
independently of, and uninfluenced by, Orkla. The transactions will be conducted
in accordance with the Market Abuse Regulation (EU) No 596/2014, Commission
Delegated Regulation (EU) 2016/1052 and Euronext Oslo Børs' Guidelines for
buyback programs and stabilization dated February 2021.

For further information, please contact:

SVP Investor Relations
Annie Bersagel
Tel.: +47 986 03 66

Orkla ASA
Oslo, 20 November 2024

This information is published in accordance with the requirements set out in
Article 5 of the Market Abuse Regulation and subject to the disclosure
requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.

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