As part of Orkla's Long Term Incentive Program set out in Orkla's executive remuneration guidelines, options have today, 25 June 2024, been granted for 2023 to the following primary insiders:

Nils K. Selte President & CEO 249 861 Options
Atle Vidar Nagel Johansen EVP & Investment Executive 125 596 Options
Audun Stensvold EVP & Investment Executive 71 198 Options
Camilla Tellefsdal Robstad EVP Legal & Compliance 59 411 Options
Christer Grönberg EVP HR 66 949 Options
Hege Holter Brekke EVP & Investment Executive 73 271 Options
Håkon Mageli EVP Corp Affairs & Comm. 59 581 Options
Maria Syse-Nybraaten EVP & Investment Executive 71 231 Options
Øyvind Torpp EVP & Investment Executive 126 804 Options

Each share option gives the right to purchase one share in Orkla ASA. The strike price of the options was set to NOK 71,90 per share based on the closing price on 19 April 2024 plus 3% p.a. in the vesting period and adjusted for dividend paid until exercise. The options can be exercised after three years at the earliest and the options expire if they are not exercised within five years. For further information, see attachment available at www.newsweb.no.

Orkla ASA
Oslo, 25 June 2024

Ref.:
SVP Investor Relations
Kari Lindtvedt
Tel.: +47 950 75 114

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.

https://news.cision.com/orkla-asa/r/mandatory-notification-of-trade---granting-of-stock-options-to-primary-insiders,c4005609

https://mb.cision.com/Main/19690/4005609/2883425.pdf

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