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Borregaard Director's Dealing 2019

Mar 1, 2019

3562_rns_2019-03-01_1bb42675-f31b-4bb5-8fe2-b70926430c76.html

Director's Dealing

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Borregaard: Mandatory notification of trade - shares for employees 2019

1 March 2019: Borregaard ASA ("Borregaard", OSE ticker: BRG)

Reference is made to the stock exchange notices of 4 and 11 February regarding

the shares to employees programme. Today Borregaard transferred in total

297,756 shares to the 422 employees who participated in this year's programme.

After this transfer Borregaard owns 150,996 treasury shares.

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_rns_2019-03-01_1bb42675-f31b-4bb5-8fe2-b70926430c76.html

Borregaard: Mandatory notification of trade - shares for employees 2019

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Borregaard Director's Dealing 2019