Borregaard — Director's Dealing 2018

May 2, 2018

Borregaard: Mandatory notification of trade - primary insider

Borregaard: Mandatory notification of trade - primary insider

Terje Andersen, member of the board of Borregaard ASA (ticker: "BRG"), has on 2

May 2018 acquired 800 shares in Borregaard ASA at a price of NOK 84.30 per

share. Following this transaction, Terje Andersen owns 4,371 shares in

Borregaard ASA.

This information is subject to the disclosure requirements pursuant to Section

5 - 12 of the Norwegian Securities Trading Act.