Borregaard

Related Party Transaction • Feb 19, 2020

Borregaard ASA: Mandatory notification of trade - stock options, primary insider, repurchase of own shares

Borregaard ASA: Mandatory notification of trade - stock options, primary insider, repurchase of own shares

19.02.2020: Borregaard ASA ("Borregaard", OSE ticker: BRG)

On 19 February 2020 primary insider Dag Arthur Aasbø, Senior Vice President

Organisation and Public Affairs, exercised 24,646 stock options at a strike

price of NOK 42.24 per share.

In a related transaction, Borregaard repurchased 22,646 own shares from Dag

Arthur Aasbø at an average price of NOK 108.83 per share. The repurchase is

conducted in accordance with a proxy given at the Ordinary General Meeting held

on 11 April 2019.

As a result of this transaction, Dag Arthur Aasbø has increased his share

ownership by 2,000 shares to 53,309 and has 60,354 stock options in Borregaard.

The total number of outstanding Borregaard stock options following this

transaction is 1,654,354. Borregaard owns 354,383 treasury shares, representing

0.35% of the total number of shares outstanding.

Borregaard ASA

Sarpsborg, 19 February 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.