Borregaard — Capital/Financing Update 2024

Sep 20, 2024

Borregaard ASA: New supply contract for electric power with Hafslund

Borregaard ASA: New supply contract for electric power with Hafslund

Borregaard and the Norwegian hydropower producer Hafslund have entered into a

new long-term power purchase agreement, for the period 2025 to 2034. The annual

contract volume is 88 GWh, representing 10-15% of the Sarpsborg site's annual

consumption.

Sarpsborg, 20 September 2024

Contact:

Knut-Harald Bakke, Director Investor Relations, +47?905 79 164

This information is subject to the disclosure requirements pursuant to Section

5 -12 of the Norwegian Securities Trading Act.