Orkla ASA - new bond issue and buy-back offer c...

Reference is made to the announcement on 30 March 2009 about new bond
issues. The new bond issues, both with 5 year tenors, have now been
concluded with the following volumes:
ISIN NO 001 050290.9 (Fixed Rate) : NOK 1,250,000,000
ISIN NO 001 050291.7 (FRN):           NOK    400,000,000

The bonds are issued under the company's newly updated EMTN-program,
and the settlement date is 22 April 2009.
In connection with the above-mentioned new bond offering, Orkla ASA,
through the arrangers DnB NOR Markets and Nordea Markets, offered  to
buy back ORK02 and ELK15 in exchange for subscriptions in the new
loans. The following volumes were bought back:

ORK02: zero
ELK15: NOK 322,500,000

Orkla ASA,
Oslo, 21 April 2009
Contacts:
Geir Solli, SVP Finance, Tel: [phone]
Rune Helland, SVP Investor Relations, Tel: [phone]


This announcement was originally distributed by Hugin. The issuer is 
solely responsible for the content of this announcement.