Borregaard — Director's Dealing 2015

Oct 29, 2015

Borregaard: Mandatory notification of trade

Borregaard: Mandatory notification of trade

Per Arthur Sørlie, President and Chief Executive Officer of Borregaard ASA

(ticker: "BRG"), has on 29 October 2015 acquired 7,500 shares in Borregaard ASA

at a price of NOK 44.50 per share. Following this transaction, Per Arthur Sørlie

owns 118,487 shares and 370,000 options in Borregaard ASA.

This information is subject to the disclosure requirements pursuant to Section

5-12 of the Norwegian Securities Trading Act.

[HUG#1962348]