Borregaard — Director's Dealing 2017

Mar 1, 2017

Borregaard: Mandatory notification of trade - shares for employees 2017

Borregaard: Mandatory notification of trade - shares for employees 2017

1 March 2017: Borregaard ASA ("Borregaard", OSE ticker: BRG)

Reference is made to the stock exchange notices of 13 and 20 February regarding

the shares to employees programme. Today Borregaard transferred in total

159,315 shares to the 429 employees who participated in this year's programme.

After this transfer Borregaard owns 190,067 treasury shares.

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.