Borregaard

Business and Financial Review • Jul 4, 2018

Borregaard: Increasing pulpwood prices in Scandinavia

Borregaard: Increasing pulpwood prices in Scandinavia

Wood prices continue to increase from the new level established at the beginning

of the year. Borregaard's mid-year negotiations with suppliers of spruce

pulpwood and woodchips to the biorefinery in Sarpsborg are practically finished.

Borregaard's wood cost in the second half of 2018 will increase by about NOK 60

million on an annualised basis compared with the first half of the year.

Sarpsborg, 4 July 2018

Contacts:

Jørn Syvertsen, Director Investor Relations, +47 958 36 335

This information is subject to the disclosure requirements pursuant to Section

5-12 of the Norwegian Securities Trading Act.