Borregaard

Net Asset Value • Aug 21, 2019

National Storage Mechanism | Additional information

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On 21 August 2019 primary insider Tuva Barnholt, Senior Vice President Purchasing and Strategic Sourcing, exercised 25,000 stock options at a strike price of NOK 42.24 per share.

In a related transaction, Borregaard repurchased 25,000 own shares from Tuva Barnholt at an average price of NOK 93.87 per share. The repurchase is conducted in accordance with a proxy given at the Ordinary General Meeting held on 11 April 2019.

After the transaction, Tuva Barnholt owns 31,624 shares and 45,000 stock options in Borregaard.

The total number of outstanding Borregaard stock options following this transaction is 1,506,000. Borregaard owns 382,998 treasury shares, representing 0.38% of the total number of shares outstanding.

Borregaard ASA

Sarpsborg, 21 August 2019

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.