Borregaard

Regulatory Filings • Aug 28, 2020

Borregaard ASA: Lignin raw material supply from the former Flambeau mill to be resumed

Borregaard ASA: Lignin raw material supply from the former Flambeau mill to be resumed

A new operator, Park Falls Development, is in the process of starting up pulp

and paper production at the former Flambeau River Papers mill in Park Falls,

Wisconsin, USA, which was shut down for financial reasons in September 2019.

Borregaard has entered into a three-year agreement for the supply of lignin raw

material coming from Park Falls. The annual quantities will be approximately

40,000 metric tonnes dry substance, and deliveries to Borregaard are expected to

start gradually during September. The lignin from Park Falls is extracted by

calcium sulphite pulping, and the main wood species used is birch.

- We are pleased to once again have access to the lignin from Park Falls, which

will complement our offering to the industrial and construction industries in

the North American market. This will bring our current global lignin capacity

close to 400,000 tonnes, says Tom Erik Foss-Jacobsen, Executive Vice President

BioSolutions.

Sarpsborg, 28 August 2020

Contact:

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

This information is subject to the disclosure requirements pursuant to Section

5-12 of the Norwegian Securities Trading Act.