Borregaard

Capital/Financing Update • May 15, 2019

Borregaard ASA: Issuance of Commercial Paper

Borregaard ASA: Issuance of Commercial Paper

Borregaard ASA has issued a commercial paper ISIN NO0010852700 of NOK

400,000,000.

Start date:                    21 May, 2019

Maturity:                       21 June, 2019

Coupon:                       1,33 %

Organised by:              Handelsbanken Capital Markets

Sarpsborg, 15 May 2019

Contact:

CFO, 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.