Scope Ratings GmbH has assigned an issuer rating of A-/Stable to Orkla ASA.  The
same rating is also assigned to the company's senior unsecured debt.

The rating reflects Orkla's relatively low industry risk and leading positions
in key markets, combined with a strong financial risk profile.

Scope's rating report is enclosed.

Orkla ASA

Oslo, 11 January 2022

Ref.:

Senior Vice President Group Treasury

Geir Solli

Tel.: +47 995 42 789

This information is subject to the disclosure requirements pursuant to Section 5
-12 the Norwegian Securities Trading Act

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