Orkla ASA: Mandatory notification of trade - options

Primary insider Christer Grönberg (EVP HR) has today exercised 70,389 options granted under Orkla's LTI Programme at an average exercise price of NOK 77.67 per share. The primary insider has transferred his rights to receive the new shares to a third party in return for a net sales proceed which will be finally determined on the basis of the market price subsequently obtained by the third party. The results of the sales process will be announced in a separate stock exchange notice. Christer Grönberg will from 1 November 2024 step out of the management team and retire from Orkla in 2025. For further information, see attachment available at www.newsweb.no. Orkla ASA Oslo, 31 October 2024 Ref.: SVP Investor Relations Annie Bersagel Tel.: +47 986 03 664 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.