Borregaard - Director's Dealing 2018

Borregaard: Trade subject to notification - shares for employees 2018

5 February 2018: Borregaard ASA ("Borregaard", OSE ticker: BRG)

Borregaard employees have been given the opportunity to buy shares at a

discounted price. The offer is valid from 5 February up to and including 9

February 2018. The price per share will be equal to the average volume weighted

market price on 9 February 2018, with a 25% discount. Under the programme,

employees may buy shares for a total amount of either

NOK 4 000, NOK 12 000, NOK 20 000, NOK 32 000, NOK 44 000 or NOK 56 000.

The commitments made today by primary insiders to buy shares under the programme

are specified in the attachment. The purchase price and the number of shares

acquired in this way by primary insiders, as well as their updated

shareholdings, will be notified to the Stock Exchange immediately after the

determination of the purchase price.

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.

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