Borregaard

Borregaard ASA: New CEO reinforces Borregaard's commitment to specialisation and value growth

Tom Erik Foss-Jacobsen assumed his position as Borregaard's new CEO on 1 August

(see notice to Oslo Stock Exchange 23 May 2025).

"Borregaard is well positioned with six production units, three R&D centres, and

thirteen sales offices in key markets across Europe, the Americas, and Asia. We

will continue to build on this solid foundation and our highly skilled

organisation to advance our strategy of specialisation and value growth.

Borregaard will continue to build on a strong legacy of specialisation and value

growth. With a deep understanding of our organisation, operations, and strategic

priorities, I am confident in our collective ability to continue driving

sustainable growth and delivering long-term value for Borregaard and its

stakeholders," says CEO Tom Erik Foss-Jacobsen.

Changes in Borregaard's Group Executive Management:

Knut-Harald Bakke has been appointed Executive Vice President of the

BioSolutions business area. (See notice to Oslo Stock Exchange 13 June 2025).

Bakke previously served as Director of Investor Relations and earlier held the

position of Energy Director at Borregaard.

Kari Strande has been appointed Senior Vice President, Human Resources with

responsibility for people and organisational development. Strande previously

served as Head of the HR Department.

Dag Arthur Aasbø will continue as part of the Group Executive Management as

Senior Vice President, Public Affairs and Sustainability. He will continue in

his role within public affairs and will also assume overall responsibility for

sustainability.

Ole Gunnar Jakobsen will continue as part of the Group Executive Management as

Executive Vice President, Manufacturing and Technology with overall global

responsibility for manufacturing and technology across Borregaard's production

units. Jakobsen previously served as Plant Director for the biorefinery in

Sarpsborg.

For more information about the Group Executive Management Team effective from 1

August, please see https://www.borregaard.com/company/organisation/the-group-

executive-management.

Contact:

Per Bjarne Lyngstad, CFO, +47 952 44 515

This information is subject to the disclosure requirements pursuant to Section

5-12 of the Norwegian Securities Trading Act.

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