Borregaard — Director's Dealing 2016

Nov 17, 2016

Borregaard: Mandatory notification of trade - primary insider

Borregaard: Mandatory notification of trade - primary insider

On 17 November 2016, primary insider Gisle Løhre Johansen, Senior Vice President

R&D/Business Development and Executive Vice President Fine Chemicals of

Borregaard ASA, sold 10,000 shares in Borregaard ASA at an average price of NOK

80.13 per share.

Following this transaction, Gisle Løhre Johansen owns 20,059 shares and 50,000

options in Borregaard ASA.

Borregaard ASA,

Sarpsborg, 17 November 2016

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.