Borregaard

Regulatory Filings • Dec 16, 2019

Borregaard ASA: Operational issues at Sarpsborg site will affect 4th quarter result

Borregaard ASA: Operational issues at Sarpsborg site will affect 4th quarter result

During the 4(th) quarter 2019, operational incidents have affected production at

the Sarpsborg site. The negative impact on EBITA adj.¹ is estimated to be NOK

30-40 million, mainly in Speciality Cellulose.

Leakages in the water supply system have resulted in reduced production volume

and declassified speciality cellulose products have been sold at lower prices.

The issues have now been solved, and there will only be minor carry-over effects

to the 1(st) quarter of 2020.

Sarpsborg, 16.12.19

Contacts:

Director Investor Relations, Jørn Syvertsen, +47 958 36 335

Communication Manager, Tone Horvei Bredal, +47 924 67 711

1. Operating profit before amortisation and other income and expenses

This information is subject to the disclosure requirements pursuant to Section

5-12 of the Norwegian Securities Trading Act.