Borregaard

Net Asset Value • Sep 10, 2019

National Storage Mechanism | Additional information

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On 10 September 2019 primary insider Gisle Løhre Johansen, Executive Vice President Speciality Cellulose and Fine Chemicals, 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 Gisle Løhre Johansen at an average price of NOK 92.56 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, Gisle Løhre Johansen owns 21,055 shares and 45,000 stock options in Borregaard.

The total number of outstanding Borregaard stock options following this transaction is 1,456,000. Borregaard owns 373,928 treasury shares, representing 0.37% of the total number of shares outstanding.

Borregaard ASA

Sarpsborg, 10 September 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.