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Orkla ASA : New headquarters for Orkla



                    Orkla ASA : New headquarters for Orkla

Orkla has bought the properties at Drammensveien 149 and 151 in Skøyen with a
view to building  a new headquarters and grouping Orkla's operations in the
Oslo area at the same location. The move to the new premises is planned to
take place in the course of 2016.

Orkla ASA has concluded an agreement to purchase the properties at
Drammensveien 149 and 151 in Oslo for NOK 695 million. The seller is Norwegian
Property ASA.

Drammensveien 149 is presently the site of an office building, while
Drammensveien 151 was previously a petrol station. The site is currently used
as a parking lot.

Orkla now plans to apply for rezoning of Drammensveien 151 for the
construction of a new office building. This building, and the existing office
building at Drammensveien 149, will become Orkla's new corporate centre and
headquarters, to which Orkla expects to move in the course of 2016.

Work has begun on the process of finding alternative uses and solutions for
Orkla's office premises in the Oslo area.

 "Orkla companies in the Oslo area and the corporate centre are to be grouped
in one place. It is important that they are in the same location in order to
be able to develop Orkla into an even more dynamic branded consumer goods
company. Our ambition is to build an attractive, modern office building that
will facilitate the exchange of experience and expertise within the
organisation. In addition, we will be freeing up other office buildings that
have a high market value. All in all, this transaction will make good
financial sense for Orkla," says President and CEO  Åge Korsvold.

Drammensveien 149 and 151 are centrally located in the Skøyen district of
Oslo. The offices will have direct access to the Ring 2 highway and lie within
walking distance of buses, trains and taxis. The properties are expected to be
taken over in early March 2013.

Orkla's Chairman of the Board, Stein Erik Hagen, owns 10.8 per cent of the
shares in Norwegian Property through his family company Canica.

Orkla ASA
Oslo, 7 February 2013

Ref.:
Executive Vice President Corporate Communications and Corporate AffairsHåkon
Mageli
Mobile +47 928 45 828

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the
information contained therein.

Source: Orkla ASA via Thomson Reuters ONE
HUG#1676188
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