Borregaard — Director's Dealing 2017

May 4, 2017

Borregaard: Mandatory notification of trade - primary insider

Borregaard: Mandatory notification of trade - primary insider

On 04 May 2017, primary insider Dag Arthur Aasbø, Senior Vice President of

Organisation & Public Affairs of Borregaard ASA, acquired 2,000 shares in

Borregaard ASA at a price of NOK 93,50 per share.

Following this transaction, Dag Arthur Aasbø owns 46,527 shares and 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.