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2016-01-15

Orkla ASA: Sale of the Asan and Allévo brands completed

In stock exchange notifications published on 17 December 2015 and 22 December
2015, respectively, it was announced that an agreement had been entered into
to sell the Asan and Allévo brands. Both transactions have now been approved
by the relevant competition authorities and completed.

Orkla purchased the Swedish branded consumer goods group Cederroth in 2015,
and the agreement was approved by the competition authorities on condition
that the Asan and Allévo brands were sold. Now that the transactions have
been completed, this condition has been met.

Orkla is a leading supplier of branded consumer goods and concept solutions to
the grocery, out-of-home and bakery markets in the Nordics and Baltics and in
selected markets in central Europe and India. Orkla is listed on the Oslo
Stock Exchange and headquartered in Oslo. In 2014, the Group had a total
turnover of around NOK 30 billion, and had around 13,000 employees at year
end 2014.

Orkla ASA
Oslo, 15 January 2016

Ref.:

SVP Investor Relations

Mattias Orrenius
Tel.: +47 983 66 334

This information is subject to 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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