Orkla ASA: Issuance of Commercial Paper Orkla A

Orkla ASA has issued a commercial paper of NOK 400,000,000.

Start date:                   26 April, 2017 Maturity:                     26 June, 2017 Coupon:                      0.95% Organised by:             DNB Markets

Orkla ASA Oslo, 24 April 2017

Ref.: Senior Vice President Group Treasury Geir Solli Mob.: +47 99542789

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