Orkla (ORK) AGM 2011 summary

Opening remarks and agenda

• Ordinary AGM held in Oslo on 14 April 2011; all agenda proposals were adopted.

Dividend announcements

• Approved a 2010 dividend of NOK 2.50 per share, payable 29 April 2011 to shareholders of record on 14 April; shares traded ex-dividend from 15 April.

Corporate governance

• Corporate Assembly members were re-elected for one year; five deputy members were re-elected and Gunnar Rydning was elected as a new deputy.

• Nils-Henrik Pettersson was re-elected to the Nomination Committee for two years; Idar Kreutzer remained chair, with Olaug Svarva and Leiv Askvig also serving.