Orkla ASA: Mandatory notification of trade - options

Reference is made to the previous stock exchange release on 26 May 2026
regarding exercise of share options by primary insiders Nils Kloumann Selte,
Øyvind Torpp and Maria Syse-Nybraaten under Orkla ASA's long term share
incentive programme. The sales process conducted by a third party is now
completed, with the following result:

- Nils Kloumann Selte has sold 258,133 shares at a price of NOK 104.4631 per
share to cover the strike price for and the taxes incurred by the exercise of
the options and related transaction costs. Selte has in a related transaction
acquired 56,534 shares at an average price of NOK 104.4631. Following these
transactions, Selte and related parties own 337,534 shares in Orkla ASA.

- Øyvind Torpp has sold 131,002 shares at a price of NOK 104.4631 per share to
cover the strike price for and the taxes incurred by the exercise of the
options and related transaction costs. Torpp has in a related transaction
acquired 28,691 shares at an average price of NOK 104.4631. Following these
transactions, Torpp and related parties own 148,691 shares in Orkla ASA.

- Maria Syse-Nybraaten has sold 70,244 shares at a price of NOK 104.4631 per
share to cover the strike price for and the taxes incurred by the exercise of
the options and related transaction costs. Syse-Nybraaten has in a related
transaction acquired 14,768 shares at an average price of NOK 104.4631.
Following these transactions, Syse-Nybraaten and related parties own 22,138
shares in Orkla ASA.

For further information, see attachment available at www.newsweb.no.

Orkla ASA
Oslo, 29 May 2026

Ref.:
SVP Investor Relations & Communication
Annie Bersagel
Mobile: +47 986 03 664
Email: annie.bersagel@orkla.no

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.