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:

  • All 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.

  • Orkla 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)
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