Update on Impact to Jotun from the War in the Middle East

12 Mar 2026 08:45 CET

Jotun's MEIA region (Middle East, India and Africa) consists of 17 companies
and 16 factories across 41 countries. MEIA accounted for 31% of Jotun's
revenue in 2025.[1]

Markets directly affected by the conflict are the United Arab Emirates (Dubai
and Abu Dhabi), Kuwait, Bahrain, Qatar, Saudi Arabia and Oman. Jotun has
operations in all of these countries. In addition, Jotun has employees in Iraq
and Iran. Altogether, Jotun has 1,933 employees in the affected countries,
representing approximately 20% of Jotun's revenue.

The highest priority for Jotun is to ensure the safety of all employees and
their families. So far, all employees are unharmed and there has been no
damage to Jotun's facilities.

Operational update
All operations, including factories and warehouses, remain operational in all
affected markets. However, activity levels have been adjusted to the
prevailing security situation and are based on ongoing assessments of safety
and risk in an environment marked by uncertainty and sudden changes.

Jotun's crisis management team is closely monitoring the situation. Jotun has
experienced leaders both at the regional management level and in the affected
companies. They have previous crisis management experience and are accustomed
to adapting operations to changing circumstances.

The conflict in the Middle East has significantly affected logistics routes,
access to raw materials, and transportation across industries throughout the
region. Nevertheless, at present, Jotun is relatively well positioned with
regard to the raw materials situation, with solid safety stocks, long-term
suppliers, and procurement agreements.

Ref.:

Investor Relations Manager
Ole Andreas Steensland Dahl
Mail: oasd@orkla.no
Mob.: +47 907 07 937

[1] Jotun 100% basis.

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