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Borregaard Capital/Financing Update 2020

Feb 19, 2020

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Capital/Financing Update

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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.

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Borregaard — Capital/Financing Update 2020

3562_rns_2020-02-19_d8235f53-6ba9-4e3a-af9f-09bd3375081a.html

Borregaard ASA: Issuance of Commercial Paper

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Borregaard Capital/Financing Update 2020