Borregaard — Director's Dealing 2015

Apr 14, 2015

Borregaard: Mandatory Notification of Trade - Primary Insider

Borregaard: Mandatory Notification of Trade - Primary Insider

On 13 April 2015, Bente Seljebakken Klausen, member of the Board of Directors of

Borregaard ASA, and her related parties sold 1 000 shares in Borregaard ASA at

an average price of NOK 64,50 per share.

Following this transaction, Bente Seljebakken Klausen and related parties own

1 080 shares in Borregaard ASA.

Borregaard ASA,

Sarpsborg, 14 April 2015

Contact:

Lotte Kvinlaug, Investor Relations

Tel.: +47 922 86 909

This information is subject to the disclosure requirements pursuant to Section

5-12 of the Norwegian Securities Trading Act.

[HUG#1910891]