Borregaard

Regulatory Filings • Apr 1, 2020

Borregaard ASA: Coronavirus effects on business operations

Borregaard ASA: Coronavirus effects on business operations

Borregaard monitors the coronavirus situation closely and has established

emergency measures throughout the organisation. In line with the Group's values,

safety and health are put first. Many measures have been implemented in

Borregaard's businesses around the world to limit the risk of infection.

Borregaard's business operations have not been materially impacted by the

coronavirus situation during the first quarter of 2020. Logistical and other

practical challenges have been managed without significant adverse effects on

deliveries and production.

However, the pandemic and the measures to combat it will most likely affect

demand and call-offs from some customer groups, the functioning of

transportation activities and the timely supply of certain input factors. The

possibility of temporary shut-downs of production units as a result of the

coronavirus situation cannot be ruled out. So far such incidents have been few

and of limited duration.

The coronavirus pandemic represents a significant uncertainty for the remainder

of the year. The outlook statement with respect to 2020, given in connection

with the presentation of the results for the fourth quarter of 2019, will be

reviewed and most probably revised in connection with the presentation of the

first quarter results on 29 April.

Borregaard expects the first and most significant effects on demand to be seen

in certain sectors of the lignin business. For the second quarter some orders

from lignin customers, mainly in construction, have been cancelled or postponed.

The other business areas have so far not experienced any material changes in

orders from customers.

Comments to the pandemic and its consequences for Borregaard can also be found

in the Annual Report for 2019, released on 26 March (see

https://www.borregaard.com/Investor-Relations) on pages 7, 14 and 15.

Sarpsborg, 1 April 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.