Regarding the offer for A shares in Jotun AS

Reference is made to the stock exchange notice of 31 August 2011 regarding Orkla's offer to purchase A shares in Jotun AS. Orkla has today received notice from Odd Gleditsch d.y. that members of the Gleditsch family, representing in total 53.7% of the share capital of Jotun, have decided not to accept Orkla's offer for the A shares. Orkla ASA Oslo, 8 september 2011 Ref.: Senior VP Corporate Communications and Public Affairs Johan Chr. Hovland Telephone +47 22 54 44 86/+47 917 63 491 Senior VP Investor Relations Rune Helland Telephone +47 22 54 44 11 VP Investor Relations Siv M. Skorpen Brekke Telephone +47 22 54 44 55/+47 930 56 093 This information is subject of the disclosure requirements pursuant to section 5-12 of the 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#1545017]

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