Borregaard - Capital/Financing Update 2014

Borregaard: Refinancing of long-term credit facilities

30 September 2014: Borregaard ASA ("Borregaard", OSE ticker: BRG)

Borregaard has today entered into three separate bilateral multicurrency

revolving loan facilities agreements with Svenska Handelsbanken, DNB Bank ASA

and Skandinaviska Enskilda Banken, respectively. In total, the facilities are

NOK 1,500 million with each bank providing NOK 500 million. The facilities have

a tenor of five years, plus two one-year extension options. The new facilities

are for general corporate purposes and replace the NOK 1,800 million revolving

credit facilities with maturity in 2015 (one third) and in 2017 (two thirds).

Borregaard ASA

Sarpsborg, 30 September 2014

Contacts

Per Bjarne Lyngstad, CFO, Cell phone: +47 952 44 515

Jørn Syvertsen, Director Investor Relations, Cell phone: +47 958 36 335

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

[HUG#1859047]

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