Borregaard — Director's Dealing 2019

May 13, 2019

Mandatory notification of trade - primary insider

Mandatory notification of trade - primary insider

Helge Aasen, shareholder-elected member of the board of Borregaard ASA, has on

13 May 2019 acquired 1,600 shares in Borregaard ASA at a price of NOK 90.90 per

share. Following this transaction, Helge Aasen owns 2,900 shares in Borregaard

ASA.

Shareholder-elected board members shall use 20% of their gross remuneration to

purchase shares in the company until they own shares equal in value to one

year's gross board remuneration. The shares shall be retained for as long as the

board member serves on the board.

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