Borregaard

Capital/Financing Update • Jun 19, 2019

Borregaard ASA: Capacity increase for bio-based vanillin

Borregaard ASA: Capacity increase for bio-based vanillin

Borregaard will increase the production capacity for bio-based vanillin at the

Sarpsborg site in Norway. The project, which represents a debottlenecking of the

existing facility, has a total cost of NOK 130 million. Construction will start

during the second half of 2019, and completion will be in the first half of

2021. The project represents an expansion of the current capacity by at least

250 tonnes. As a first effect, part of the increase in production will be

realised already before the end of 2019.

Borregaard is the world's biggest producer of bio-based vanillin. The company's

unique product made from spruce wood has been manufactured at the Sarpsborg

biorefinery since 1962, and is sold to customers globally.

Demand for bio-based ingredients to the food, beverage and cosmetics industry,

that can replace petrochemicals, has increased significantly during recent

years.

Sarpsborg, 19 June 2019

Contact:

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.