Borgestad ASA — Director's Dealing 2023

Dec 11, 2023

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Kontrari AS
2	Reason for the notification
a)	Position/status	Closely associated person of primary insider Jan Erik Sivertsen (board member)
b)	Initial	Initial notification
	notification/Amendment
3	Details of issuer
a)	Name	Borgestad ASA
b)	LEI	5967007LIEEXZXG3AG53
4		Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction;
		(iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial	Shares in Borgestad ASA (ISIN NO0003111700)
	instrument, type of instrument
	Identification code
b)	Nature of the transaction	Subscription and allocation of shares
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		NOK 0.25	300,000,000
d)	Aggregated information
	— Aggregated volume	Aggregated volume: 300,000,000
		Total price: NOK 75,000,000
	— Price
e)	Date of the transaction	2023-12-11
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	SES AS
2	Reason for the notification
a)	Position/status	Closely associated person of primary insider Helene Steen (board member)
b)	Initial notification/Amendment	Initial notification
3	Details of issuer
a)	Name	Borgestad ASA
b)	LEI	5967007LIEEXZXG3AG53
4		Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction;
		(iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Shares in Borgestad ASA (ISIN NO0003111700)
b)	Nature of the transaction	Subscription and allocation of shares
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		NOK 0.25	188,295,725
d)	Aggregated information — Aggregated volume — Price	Aggregated volume: 188,295,725 Total price: NOK 47,073,931.25
e)	Date of the transaction	2023-12-11
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Dione AS
2	Reason for the notification
a)	Position/status	Closely associated person of primary insider Jacob Møller (board member)
b)	Initial	Initial notification
	notification/Amendment
3	Details of issuer
a)	Name	Borgestad ASA
b)	LEI	5967007LIEEXZXG3AG53
4		Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction;
		(iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial	Shares in Borgestad ASA (ISIN NO0003111700)
	instrument, type of instrument
	Identification code
b)	Nature of the transaction	Subscription and allocation of shares
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		NOK 0.25	38,078,783
d)	Aggregated information
	— Aggregated volume	Aggregated volume: 38,078,783
		Total price: NOK 9,519,695.75
	— Price
e)	Date of the transaction	2023-12-11
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Ploot Invest AS
2	Reason for the notification
a)	Position/status	Closely associated person of primary insider Jacob Møller (board member)
b)	Initial	Initial notification
	notification/Amendment
3	Details of issuer
a)	Name	Borgestad ASA
b)	LEI	5967007LIEEXZXG3AG53
4		Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction;
		(iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial	Shares in Borgestad ASA (ISIN NO0003111700)
	instrument, type of
	instrument
	Identification code
b)	Nature of the transaction	Subscription and allocation of shares
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		NOK 0.25	4,194,600
d)	Aggregated information
	— Aggregated volume	Aggregated volume: 4,194,600
		Total price: NOK 1,048,650
	— Price
e)	Date of the transaction	2023-12-11
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Pål Feen Larsen
2	Reason for the notification
a)	Position/status	Chief Executive Officer (CEO) of Borgestad ASA
b)	Initial notification/Amendment	Initial notification
3	Details of issuer
a)	Name	Borgestad ASA
b)	LEI	5967007LIEEXZXG3AG53
4		Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Shares in Borgestad ASA (ISIN NO0003111700)
b)	Nature of the transaction	Subscription and allocation of shares
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		NOK 0.25	4,800,000
d)	Aggregated information — Aggregated volume — Price	Aggregated volume: 4,800,000 Total price: NOK 1,200,000
e)	Date of the transaction	2023-12-11
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Jawendel AS
2	Reason for the notification
a)	Position/status	Closely associated person of primary insider Wenche Kjølås (board member)
b)	Initial notification/Amendment	Initial notification
3	Details of issuer
a)	Name	Borgestad ASA
b)	LEI	5967007LIEEXZXG3AG53
4		Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction;
		(iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Shares in Borgestad ASA (ISIN NO0003111700)
b)	Nature of the transaction	Subscription and allocation of shares
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		NOK 0.25	4,000,000
d)	Aggregated information — Aggregated volume — Price	Aggregated volume: 4,000,000 Total price: NOK 1,000,000
e)	Date of the transaction	2023-12-11
f)	Place of the transaction	Outside a trading venue