Borgestad ASA

NOTIFICATION OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESEPONSIBILITIES (PDMR) AND PERSONS CLOSELY ASSOCIATED WITH THEM

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Jan Fredrik Herud
2	Reason for the notification
a)	Position/status	Investment Manager
b)	Initial notification /Amendment	Initial notification
3	auction monitor	Details of the issuer, an emission allowances market participant, auction platform, the auctioneer, or the
a)	Business name	Borgestad ASA
b)	LEI code	5967007LIEEXZXG3AG53
4		Details of the transaction(s): Section to be repeated for i) each type of instrument ii) each type pf transaction, iii) each date, and iv) each place where the transaction(s) have been conducted
a)	Description of the financial instrument/type of instrument	Shares in Borgestad ASA (ISIN: NO0013256180)
	Identification code	ISIN: NO0013256180
b)	Nature of the transaction	Purchase
c)	Price(s) and volume(s)	Currency	Price(s)	Volume(s)
		NOK 69, 983 .81 04	18.2392	3,837
		69, Sum 983 .81 04	18.2392	3,837

d)	Aggregated information - Aggregated volume - Aggregated price	3,837 shares NOK 69,983.8104
e)	Date of the transaction	2025-08-22
f)	Place of the transaction	XOSL – Oslo Børs

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Avanzare Capital AS
2	Reason for the notification
a)	Position/status	The transaction is undertaken by a closely associated enterprise (legal person) to the PDMR, Jan Fredrik Herud, Investment Manager in Borgestad ASA
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, an emission allowances market participant, auction platform, the auctioneer, or the auction monitor
a)	Business name	Borgestad ASA
b)	LEI code	5967007LIEEXZXG3AG53
4	Details of the transaction(s): Section to be repeated for i) each type of instrument ii) each type pf transaction, iii) each date, and iv) each place where the transaction(s) have been conducted
a)	Description of the financial instrument/type of instrument	Shares in Borgestad ASA (ISIN: NO0013256180)
	Identification code	ISIN: NO0013256180
b)	Nature of the transaction	Purchase
c)	Price(s) and volume(s)	Currency	Price(s)	Volume(s)
		NOK 100 ,54 0.2 Sum 205 ,98	18.3000 36.9	5,494 11,163
		3.6
d)	Aggregated information - Aggregated volume - Aggregated price	5,494 shares NOK 100,540.20
e) f)	Date of the transaction Place of the transaction	2025-08-22 XOSL – Oslo Børs

5	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Avanzare Capital AS
6	Reason for the notification
a)	Position/status	The transaction is undertaken by a closely associated enterprise (legal person) to the PDMR, Jan Fredrik Herud, Investment Manager in Borgestad ASA
b)	Initial notification /Amendment	Initial notification
7	Details of the issuer, an emission allowances market participant, auction platform, the auctioneer, or the auction monitor
a)	Business name	Borgestad ASA
b)	LEI code	5967007LIEEXZXG3AG53
8	Details of the transaction(s): Section to be repeated for i) each type of instrument ii) each type pf transaction, iii) each date, and iv) each place where the transaction(s) have been conducted
a)	Description of the financial instrument/type of instrument	Shares in Borgestad ASA (ISIN: NO0013256180)
	Identification code	ISIN: NO0013256180
b)	Nature of the transaction	Purchase
c)	Price(s) and volume(s)	Currency	Price(s)	Volume(s)
		NOK 105 ,44 3.4 205 Sum	18.6000 36.9	5,669 11,163
		,98 3.6
d)	Aggregated information
	- Aggregated volume	5,669 shares
	- Aggregated price	NOK 105,443.50
e)	Date of the transaction	2025-08-25
f)	Place of the transaction	XOSL – Oslo Børs