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Borregaard Major Shareholding Notification 2014

Jan 15, 2014

Major Shareholding Notification

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Disclosure of large shareholdings

The Vanguard-sponsored funds, in the aggregate,

passed below the 5% ownership threshold of Borregaard

ASA on 10 January 2014. In the aggregate, these funds

hold 4,719,503 shares of Borregaard ASA which

represents 4.72% of the 100,000,000 outstanding

shares.