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2014-05-08

Orkla ASA: Orkla ASA is considering a listing of Gränges AB

The Board of Directors of Orkla ASA (OSE:ORK) has decided to explore the
possibility of listing its wholly-owned subsidiary Gränges AB ("the company")
on NASDAQ OMX Stockholm. This decision is part of Orkla's long-term strategy
to become a pure-play branded consumer goods company.

Gränges is the leading global manufacturer of rolled aluminium for heat
exchangers, primarily for the automotive industry. The company has production
facilities in Sweden and China, and had a total of 971 employees at the end
of 2013.

Gränges had a turnover of NOK 4.0 billion in 2013, and achieved operating
profit (EBITA) of NOK 337 million. In the first quarter of 2014, Gränges
posted operating profit (EBITA) of NOK 117 million, compared with NOK 85
million in the corresponding period of last year. The increase is ascribable
to higher volume and the effects of improvement programmes.

This information is subject to disclosure requirements pursuant to section
5-12 of the Securities Trading Act.

Orkla ASA
Oslo, 8 May 2014

For further information, please contact:

Håkon Mageli, EVP Communications&Corporate Affairs
Tel: +47 928 45 828

Rune Helland, SVP Investor Relations
Tel: +47 977 13 250

FACTS ABOUT GRÄNGES AB

Gränges is a global aluminum company that focuses solely on rolled products
for the heat exchanger industry. The majority of Gränges' customers are in
the automotive industry. Around half of all cars in the world today have heat
exchangers containing materials and expertise supplied by Gränges. Gränges is
the global market leader in this segment. Gränges' research and development
department and production facilities are located in Sweden and China. The
company has sales offices and technical support departments in the USA,
India, Japan and South Korea. Up until 2013, Gränges was part of the Sapa
Group, which supplied aluminium solutions, and operated under the name Sapa
Heat Transfer. In 2013, Gränges was spun off as a separate company.

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Orkla ASA via Globenewswire

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