BlackRock increases Orkla ASA stake above 5% threshold

BlackRock, Inc. has notified Orkla ASA and the NOR-FSA of a major holding, indicating that its total position in the Norwegian consumer goods company has surpassed the 5% threshold. As of November 24, 2025, BlackRock's aggregate holdings in Orkla ASA amount to 5.06% of both shares and voting rights. This total is comprised of 4.85% in direct shares and voting rights, complemented by 0.20% held through various financial instruments.

The total number of shares and voting rights held by BlackRock across direct holdings and financial instruments is 50,687,530, based on Orkla ASA's total outstanding shares of 1,001,430,970. This disclosure highlights BlackRock's increased investment in Orkla ASA, driven by an acquisition of financial instruments, which includes American Depositary Receipts and Contracts for Difference (CFDs).

The notification details BlackRock’s comprehensive chain of controlled undertakings through which these voting rights and financial instruments are effectively held. BlackRock, Inc. is listed as the ultimate controlling entity, with numerous subsidiaries globally managing portions of the investment in Orkla ASA.