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Borregaard Capital/Financing Update 2018

May 23, 2018

3562_rns_2018-05-23_de13144a-6086-43c3-88ba-3d07fcc14ea2.html

Capital/Financing Update

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Borregaard : Issuance of commercial paper

Borregaard ASA has issued a commercial paper ISIN NO0010823586 of NOK

350,000,000.

Start date: 28 May, 2018

Maturity: 22 June, 2018

Coupon: 0,90 %

Organised by: DNB Markets

Sarpsborg, 23 May 2018

Contact

Chief Financial Officer, Per Bjarne Lyngstad, mobile +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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Borregaard — Capital/Financing Update 2018

3562_rns_2018-05-23_de13144a-6086-43c3-88ba-3d07fcc14ea2.html

Borregaard : Issuance of commercial paper

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Borregaard Capital/Financing Update 2018