Orkla has sold its remaining shares in Gränges

Orkla Industriinvesteringar AB, a wholly owned subsidiary to Orkla ASA, has sold
11,942,378 shares in Gränges AB (publ) ("Gränges") through an accelerated
bookbuilding to Swedish and international investors at a price of SEK 69 per
share, according to a press release from Orkla today on March 18. Following the
placing, Orkla Industriinvesteringar AB, does not own any shares in Gränges.

Carnegie Investment Bank AB (”Carnegie”) and Skandinaviska Enskilda Banken AB
(”SEB”) have acted as joint bookrunners in connection with this placing.

For further information, please contact:
Pernilla Grennfelt, Director Communications and Investor Relations
pernilla.grennfelt@granges.com, +46 702 90 99 55

About Gränges
Gränges is a leading global supplier of rolled products for brazed aluminium
heat exchangers. The company develops, produces and markets advanced materials
that enhance efficiency in the customer manufacturing process and the
performance of the final products; brazed heat exchangers. The company’s
geographical markets are Europe, Asia and the Americas. Its production
facilities are located in Finspång, Sweden, and Shanghai, China, and have a
combined annual capacity of 220,000 metric tonnes. Gränges has some 950
employees and net sales in 2015 totalled SEK 5,494 million. The share has been
listed on Nasdaq Stockholm since October 2014. More information on Gränges is
available at granges.com.