Torkild Nordberg leaves position as CEO Orkla Brands

Orkla and Torkild Nordberg has agreed that he will leave his position as CEO Orkla Brands. Formalization of his leaving the position will be made in the meeting of the board of directors of Orkla Brands one of the following days. "Torkild Nordberg has had a significant impact on the development of Orkla Brands, especially over the last ten years, as CEO of Orkla Brands Nordic from 2002, and as CEO of Orkla Brands from 2008. I would like to thank Torkild for his efforts for the Group over many years", says acting president and CEO Åge Korsvold. Orkla ASA Oslo, 3 May 2012 Ref.: Senior VP Corporate Communications and Public Affairs Johan Chr. Hovland Telephone +47 22 54 44 86/+47 917 63 491 This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act) This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Orkla ASA via Thomson Reuters ONE [HUG#1608458]