Borregaard — Director's Dealing 2014

Feb 18, 2014

Borregaard: Trade subject to notification - Shares for Employees 2014

Borregaard: Trade subject to notification - Shares for Employees 2014

18 February 2014: Borregaard ASA ("Borregaard", OSE ticker: BRG)

Reference is made to the stock exchange notice of 10 February 2014 regarding

shares for employees 2014.

The buying price, and thereby the number of shares acquired by primary insiders,

was fixed on the basis of the average market price (volume weighted) of the

Borregaard share on 17 February 2014. The buying price was thus set at NOK

25,11 per share, including a 30 percent discount.

Information about the number of shares acquired by primary insiders, as well as

their new holdings, is attached to this message.

Contact

Lotte Kvinlaug, Investor Relations Officer, +47 922 86 909

This information is subject of the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

[HUG#1762695]