ORKLA ORK ACQUISITION OR DISPOSAL OF AN ISSUER'S OWN SHARES

Orkla ASA: Completion of share buy-back programme

23. July 2026 kl. 08:00

Orkla's buyback program, announced on 14 November 2025, is now completed. The total number of shares purchased under the program was 37,542,917 at an average price of NOK 106.5428 per share, for a total consideration of NOK 4.0 billion. Following the transactions, Orkla ASA owns a total of 23,698,870 own shares, representing 2.4% of Orkla ASA's share capital. 16,001,026 shares were redeemed (cancelled) following a resolution by the AGM in 2026. The remaining shares repurchased under the buyback program will be redeemed, subject to approval by the AGM in 2027.

An overview of all transactions made under the buy-back programme that have been carried out since the last reporting is attached to this stock exchange announcement and available at www.newsweb.no.

+------------------------+----------------+--------------+-------------------+ | Date | Aggregated | Weighted | Total daily | | | daily volume | average | transaction value | | | (number of | share price | (NOK) | | | shares) | per day | | | | | (NOK) | | +------------------------+----------------+--------------+-------------------+ | 15/07/2026 | 460,000 | 105.7583 | 48,648,818 | +------------------------+----------------+--------------+-------------------+ | 16/07/2026 | 440,000 | 106.1789 | 46,718,716 | +------------------------+----------------+--------------+-------------------+ | 17/07/2026 | 430,000 | 107.3839 | 46,175,077 | +------------------------+----------------+--------------+-------------------+ | 20/07/2026 | 420,000 | 107.2915 | 45,062,430 | +------------------------+----------------+--------------+-------------------+ | 21/07/2026 | 400,000 | 106.2070 | 42,482,800 | +------------------------+----------------+--------------+-------------------+ | 22/07/2026 | 166,000 | 105.7820 | 17,559,812 | +------------------------+----------------+--------------+-------------------+ | Previously disclosed | 35,226,917 | 106.5458 | 3,753,281,241 | | buybacks under the | | | | | programme | | | | | (accumulated) | | | | +------------------------+----------------+--------------+-------------------+ | Accumulated under the | 37,542,917 | 106.5428 | 3,999,928,894 | | buyback programme | | | | +------------------------+----------------+--------------+-------------------+

Ref.: Investor Relations Manager Ole Andreas Steensland Dahl Mail: oasd@orkla.no Mob.: +47 907 07 937

This is information that Orkla ASA is obliged to make public pursuant to the EU Market Abuse Regulation and subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.

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Orkla ASA Transactions 15 07 2026 22 07 2026.pdf