Borregaard — Director's Dealing 2015

Nov 2, 2015

Borregaard: Mandatory notification of trade

Borregaard: Mandatory notification of trade

Dag Arthur Aasbø, Senior Vice President of HR and Communications of Borregaard

ASA (ticker: "BRG"), has on 2 November 2015 acquired 3,000 shares in Borregaard

ASA at a price of NOK 45.30 per share. Following this transaction, Dag Arthur

Aasbø owns 42,721 shares and 62,500 options in Borregaard ASA.

This information is subject to the disclosure requirements pursuant to Section

5-12 of the Norwegian Securities Trading Act.

[HUG#1963209]