Borregaard - Director's Dealing 2021

Borregaard ASA: Reporting of transactions in Borregaard ASA's shares made by person discharging managerial responsibilities

Today, primary insider Gisle Løhre Johansen, Executive Vice President (EVP),

exercised 4,250 stock options at a strike price of NOK 70.95 per share and in

separate transactions, purchased and sold the same number of shares.

The shares are drawn from Borregaard's holdings of treasury shares.

Please, see attached notifications for persons discharging managerial

responsibilities in Borregaard in accordance with Regulation EU 596/2014 (MAR)

article 19.

After the transactions, Gisle Løhre Johansen owns 21,476 shares and holds

55,750 stock options in Borregaard.

The total number of outstanding Borregaard stock options following this

transaction is 1,309,893. Borregaard owns 430,029 treasury shares, representing

0.43% of the total number of shares outstanding.

Borregaard ASA

Sarpsborg, 10 August 2021

Contact:

Dag Arthur Aasbø, Senior Vice President, +47 918 34 108

This information is subject to the disclosure requirements pursuant to Section

3-1 of the Norwegian Securities Trading Act, cf. Regulation (EU) No 596/2014 of

the European Parliament and of the Council of 16 April 2014 on market abuse

(market abuse regulation) Article 19.

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