Borregaard — Director's Dealing 2014

May 8, 2014

Borregaard: Mandatory notification of trade

Borregaard: Mandatory notification of trade

JAAG Consult AS, a closely related party to Jan Anders Oksum, chairman of the

Board of Directors of Borregaard ASA (ticker: "BRG"), has on 8 May 2014 acquired

2 394 shares in Borregaard ASA at a price of NOK 43.8616 per share. Following

this transaction, Jan Anders Oksum's shareholding in Borregaard ASA, including

his closely related parties, is 8 000 shares.

This information is subject of the disclosure requirements pursuant to

section 4-2 of the Norwegian Securities Trading Act.

[HUG#1783873]