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Borregaard Director's Dealing 2019

Sep 2, 2019

3562_dirs_2019-09-02_d6f93126-db50-4dfb-9e9b-437d87fdba7d.html

Director's Dealing

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BORREGAARD ASA: Mandatory notification of trade – primary insider

On 2 September 2019, primary insider Tuva Barnholt, Senior Vice President

Purchasing and Strategic Sourcing, sold 12,000 shares in Borregaard ASA at an

average price of NOK 92.00 per share.

Following this transaction, Tuva Barnholt owns 19,624 shares and has 65,000

stock options in Borregaard ASA.

Borregaard ASA,

Sarpsborg, 2 September 2019

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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Borregaard — Director's Dealing 2019

3562_dirs_2019-09-02_d6f93126-db50-4dfb-9e9b-437d87fdba7d.html

BORREGAARD ASA: Mandatory notification of trade – primary insider

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Borregaard Director's Dealing 2019