Borregaard — Proxy Solicitation & Information Statement 2020

Jun 8, 2020

Borregaard ASA: Proxies for the Annual General Meeting 15 June 2020

Borregaard ASA: Proxies for the Annual General Meeting 15 June 2020

In connection with Borregaard's Annual General Meeting, Mr. Jan Anders Oksum,

chair of the Board of Directors in Borregaard ASA, has been assigned voting

rights based on proxies for 7,728,645 shares in Borregaard ASA. The proxies

apply exclusively to the Annual General Meeting in Borregaard ASA on 15 June

2020. This means that Mr. Jan Anders Oksum represents a total of 7,73 % of the

outstanding shares in Borregaard ASA.

Mr. Jan Anders Oksum's shareholding in Borregaard ASA, including his closely

related parties JAAG Consult AS, is 11,500 shares.

Borregaard ASA

Sarpsborg, 8 June 2020

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.