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Borregaard Director's Dealing 2015

Oct 27, 2015

3562_dirs_2015-10-27_0252a6a2-f160-485f-908e-9e063a5c36d4.html

Director's Dealing

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Borregaard: Trade subject to notification - shares for employees 2015

27 October 2015: Borregaard ASA ("Borregaard", OSE ticker: BRG)

Reference is made to the stock exchange notice of 26 October 2015 regarding

shares for employees. A new primary insider has today committed to buy shares

under the program, as specified in the attachment.

Contact:

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

This information is subject to the disclosure requirements pursuant to Section

5-12 of the Norwegian Securities Trading Act.

[HUG#1961657]

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Borregaard — Director's Dealing 2015

3562_dirs_2015-10-27_0252a6a2-f160-485f-908e-9e063a5c36d4.html

Borregaard: Trade subject to notification - shares for employees 2015

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Borregaard Director's Dealing 2015