Orkla ASA: Initial Public Offering of Orkla India Limited completed

Orkla India Limited begins trading on the Indian stock exchanges today, 6
November 2025, after completing an offer for sale of 22,843,004 equity shares.

We are pleased to confirm that, following our earlier stock exchange
announcements regarding the initial public offering ("IPO") of Orkla India
Limited ("Orkla India"), Orkla India has successfully obtained final listing
and trading approvals. The equity shares of the Company, each with a face
value of INR 1 (the "Equity Shares") commenced trading on BSE Limited and
National Stock Exchange of India Limited ("Indian Stock Exchanges") on 6
November 2025.

In connection with the IPO, Orkla Asia Pacific Pte. Ltd., an indirect wholly
owned subsidiary of Orkla ASA has sold 20,560,768 Equity Shares (15.0% of the
issued, subscribed and paid-up share capital of Orkla India) at the cap price
of INR 730 (approximately NOK 84) per Equity Share. The net proceeds after tax
and transaction costs are estimated to be approximately NOK 1.5 billion. Orkla
retains an ownership interest of 75.0% in Orkla India.

Orkla India's stock exchange notices and share price development are available
on the website of BSE Limited (https://www.bseindia.com/) and Orkla India
(www.orklaindia.com (http://www.orklaindia.com/)).

Orkla ASA
Oslo, 6 November 2025

Ref.:

SVP Investor Relations & Communication
Annie Bersagel
Tel.: +47 986 03 664

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in, and is not for release, publication or distribution, directly or
indirectly, in whole or in part, in or into the United States of America,
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distribution or dissemination would be prohibited by applicable law. This
announcement is for informational purposes only and is not intended, and
should not be construed, as an offer of, or a solicitation of an offer to buy,
securities in the United States or any other jurisdiction. The securities
described herein have not been and will not be registered under the United
States Securities Act of 1933 (the U.S. Securities Act), or the laws of any
state of the United States, and may not be offered or sold within the United
States, except pursuant to an exemption from, or in a transaction not subject
to, the registration requirements of the U.S. Securities Act and in compliance
with all applicable state laws. There will be no public offering of such
securities in the United States.

This information is subject to disclosure under the Norwegian Securities
Trading Act, ยง5-12. The information was submitted for publication at
2025-11-06 07:00 CET.