Meeting of the Corporate Assembly of Orkla ASA

Reference is made to the stock exchange notification of 23 December
2008 regarding a structural solution agreed between Orkla and Alcoa.
The agreement was approved by Orkla's Corporate Assembly at a meeting
on 12 January 2009.

The agreement is subject to the approval of the relevant authorities
and is expected to be completed in the course of the first quarter of
2009.

Orkla ASA
Oslo, 13 January 2009

Contact points:
Rune Helland, SVP Investor Relations,
Tel.: [phone]

Lars Røsæg, Orkla Investor Relations
Tel.: [phone]


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