Rieber & Søn ASA : RIE: Changes in composition of Board of Directors and Group Management of Rieber & Søn ASA

Rieber & Søn ASA : RIE: Changes in composition of Board of Directors and Group
                        Management of Rieber & Søn ASA



Reference is made to the Stock Exchange Notification of 26 April 2013 advising
that Orkla Brands AS, through its purchase of shares from the Rieber family
and the decision concerning mandatory transfer of other shares, now has a 100%
shareholding in Rieber & Søn ASA (RIE).

Extraordinary General Meeting - changes in the composition of the Board of
Directors and deletion of RIE from the Oslo Stock Exchange

An Extraordinary General Meeting of RIE was held on 29 April 2013 and the
following resolutions were adopted:

  oAll of the shareholder-elected Board members were replaced. The following
    new Board members were elected: Åge Korsvold, Terje Andersen, Silje G.
    Ree, Karl Otto Tveter and Marianne Romslo-Macarie. Håkon Mageli and
    Camilla Tellefsdal Robstad were elected deputy members of the Board of
    Directors and are given notice of meetings in that order. All of the
    aforementioned are employed by Orkla ASA.
  oOrkla now has a 100% shareholding in RIE and it is therefore requested
    that RIE be deleted from the Oslo Stock Exchange.

New management of Rieber & Søn

A Board meeting of RIE was held on 29 April 2013.

Åge Korsvold was elected chairman of the Board and Terje Andersen was elected
deputy chairman. Åge Korsvold is the group managing director of Orkla ASA,
while Terje Andersen is a group director of Orkla ASA.

The Board and Frank Mohn have agreed that he will step down as group CEO and
managing director of RIE on 29 April 2013. Atle Vidar Johansen has been
appointed group CEO and managing director of RIE effective from 30 April 2013.
At the same time, Johansen will continue as a group director of Orkla ASA and
as head of the business area Orkla Foods.

Independent opinion of mandatory offer made by Orkla Brands AS

I connection with the fact that Orkla Brands AS has made a mandatory offer for
the remaining shares in RIE, the Board has resolved to ask Skandinaviska
Enskilda Banken AB (publ) Oslo Branch (SEB) to make a statement on behalf of
the company pursuant to the Securities Trading Act, Section 6-16, fourth
paragraph.

Contact persons:

Fredrik Witte Tel.: +47 97 01 67 69

Nina Skage  Tel.: +47 91 53 88 90

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: Rieber & Søn ASA via Thomson Reuters ONE
HUG#1697429