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

As part of Orkla's Long Term Incentive Program set out in Orkla's executive remuneration guidelines options have today, 2 June 2021, been granted to the following primary insiders: · Jaan Ivar Semlitsch, President & CEO 180,718 options · Harald Ullevoldsæter, EVP CFO 70,509 options · Christer Grönberg, EVP Group Functions                                70,389 options · Atle Vidar Nagel-Johansen, EVP Orkla Foods                        89,416 options · Hege Holter Brekke, EVP Orkla Care   66,793 options · Ingvill T. Berg, EVP OCS                                                         64,139 options · Johan Clarin, EVP OFI                                                             77,736 options · Kenneth Haavet, EVP OC&FI   66,570 options · Sverre Prytz, EVP M&A and Strategy 66,570 options · Håkon Mageli, EVP Corp Affairs & Comm.                             46,840 options Each share option gives the right to purchase one share in Orkla ASA. The strike price of the options was set to NOK 82.06 per share based on the closing price on 16 April 2021 plus 3% p.a. in the vesting period and adjusted for dividend paid until exercise. The options will lapse if not exercised by 16 April 2026. For members of the Group Executive Board, the options may only be exercised after three years (16 April 2024), and for others the options are divided into three tranches whereby 20% vests in year one, 20% in year two and 60% in year three, with the first tranche vesting 16 April 2022. For further information, see attachment available at www.newsweb.no. Orkla ASA Oslo, 2 June 2021 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 This information is subject to the disclosure requirements pursuant to Section 5 -12 the Norwegian Securities Trading Act