Borregaard - Director's Dealing 2014

Borregaard: Mandatory notification of trade - correction

10.02.2014: Borregaard ASA ("Borregaard", OSE ticker: BRG)

Reference is made to the mandatory notification of trade on 6 February 2014 at

16:42 regarding the exercise of 90 000 options to a strike price of NOK 21.50

per share.

In the same transaction, Borregaard repurchased 90 000 shares at an average

price of NOK 36.2435 per share. The repurchase is conducted in accordance with a

proxy given at the Ordinary General Meeting held on 15 April 2013.

As informed Thursday 6 February 2014, after this transaction, the total number

of options issued in Borregaard shares is 2 069 500. Borregaard owns 1 179 502

treasury shares representing 1.18% of total shares outstanding.

Borregaard ASA

Sarpsborg, 10 February 2014

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#1760376]

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