Borregaard

Capital/Financing Update • Feb 19, 2020

Borregaard ASA: Issuance of Commercial Paper

Borregaard ASA: Issuance of Commercial Paper

Borregaard ASA has issued a commercial paper ISIN NO0010875677 of NOK

200,000,000.

Start date:                   21 February, 2020

Maturity:                     21 August, 2020

Coupon:                      2,00 %

Organised by:              Handelsbanken Capital Markets

Sarpsborg, 19 February 2020

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.