Borregaard

Capital/Financing Update • Jan 17, 2020

Borregaard ASA: Issuance of Commercial Paper

Borregaard ASA: Issuance of Commercial Paper

Borregaard ASA has issued a commercial paper ISIN NO0010873748 of NOK

150,000,000.

Start date:                   21 January, 2020

Maturity:                     25 March, 2020

Coupon:                      1,90 %

Organised by:              DNB Markets

Sarpsborg, 17 January 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.