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Borregaard Director's Dealing 2017

May 4, 2017

Director's Dealing

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Borregaard : Mandatory notification of trade - primary insider

Kristine Ryssdal, member of the board of Borregaard ASA (ticker: "BRG"), has

on 04 May 2017 acquired 1050 shares in Borregaard ASA at a price of NOK 94,00

per share. Following this transaction, Kristine Ryssdal owns 1050 shares in

Borregaard ASA.

This information is subject to the disclosure requirements pursuant to Section

5-12 of the Norwegian Securities Trading Act.