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Borregaard Director's Dealing 2018

May 14, 2018

3562_dirs_2018-05-14_3bafc6f2-5ece-4ccb-a1c2-dcc9f544d7d2.html

Director's Dealing

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Borregaard : Mandatory notification of trade - primary insider

JAAG Consult AS, a closely related party to Jan Anders Oksum, chairman of the

board of directors of Borregaard ASA

(ticker: "BRG"), has on 14 May 2018 acquired 1,500 shares in Borregaard ASA at a

price of NOK 84.60 per share.

Following this transaction, Jan Anders Oksum and related parties own 11,500

shares in Borregaard ASA.

This information is subject to the disclosure requirements pursuant to Section

5-12 of the Norwegian Securities Trading Act.

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Borregaard — Director's Dealing 2018

3562_dirs_2018-05-14_3bafc6f2-5ece-4ccb-a1c2-dcc9f544d7d2.html

Borregaard : Mandatory notification of trade - primary insider

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Borregaard Director's Dealing 2018