Borregaard — Director's Dealing 2017

Aug 20, 2017

Borregaard: Mandatory notification of trade - primary insider

Borregaard: Mandatory notification of trade - primary insider

Related parties to General Counsel of Borregaard ASA, Sveinung Heggen, have on

15 August 2017 acquired 20 shares in Borregaard ASA (ticker:"BRG") at a price of

NOK 94.75 per share. Following this transaction, Sveinung Heggen and related

parties own 8,535 shares in Borregaard ASA. Sveinung Heggen owns 65,000 options

in Borregaard ASA.

This information is subject to the disclosure requirements pursuant to Section

5 - 12 of the Norwegian Securities Trading Act