Orkla initiates share buyback program

14 Nov 2025 06:59 CET

Orkla ASA ("Orkla") has decided to initiate a share buyback program. The
purpose of the share buyback program is to return excess capital to
shareholders by reducing the company's share capital. The buyback program will
be conducted based on the authorisation provided by the Annual General Meeting
to the Board of Directors on 24 April 2025. The share buyback program will
comprise acquisitions of own shares for an aggregate amount of up to NOK
4,000,000,000, and up to 80,000,000 shares (based on the minimum share price
of NOK 50 per share as set out in the authorization from the general meeting).

The program will commence on 17 November 2025 and continue until 31 December
2026 at the latest. Continuation of the program beyond the date of the Annual
General Meeting in 2026 is subject to renewal of the authorization for share
buybacks from the company's Annual General Meeting in 2026. Orkla will also
seek approval from the Annual General Meeting for the cancellation of shares
repurchased under the program.

The buyback program will be managed by Arctic Securities, 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.

Orkla ASA
Oslo, 14 November 2025

Ref.:

SVP Investor Relations and Communication
Annie Bersagel
Phone: +47 98 60 36 64
Email: annie.bersagel@orkla.no

Investor Relations Manager
Ole Andreas Steensland Dahl
Phone: +47 90 70 79 37
Email: oasd@orkla.no

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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