Borregaard

Director's Dealing • Oct 24, 2023

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

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

Today, Sveinung Heggen, General Counsel, exercised 15,000 stock options at a

strike price of NOK 67.05 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, Sveinung Heggen and related parties own 25,821 shares

and holds 37,500 stock options in Borregaard.

The total number of outstanding Borregaard stock options following this

transaction is 1,135,450. Borregaard owns 243,604 treasury shares, representing

0.24% of the total number of shares outstanding.

Borregaard ASA

Sarpsborg, 24 October 2023

Contact:

Lotte Kvinlaug, Investor Relations Officer, + 47 922 86 909

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.