Borregaard - Share Issue/Capital Change 2017

Borregaard: Trade subject to notification - shares for employees 2017

13 February 2017: Borregaard ASA ("Borregaard", OSE ticker: BRG)

Borregaard employees have been given the opportunity to buy shares at a

discounted price. The offer is valid from 13 February up to and including 17

February 2017. The price per share will be equal to the average volume weighted

market price on 17 February 2017, with a 30% discount. Under the program,

employees may buy shares for a total amount of either NOK 4 000, NOK 12 000, NOK

20 000 or NOK 28 000.

The commitments made today by primary insiders to buy shares under the program

are specified in the attachment. The purchase price and the number of shares

acquired in this way by primary insiders, as well as their updated

shareholdings, will be notified to the Oslo Stock Exchange immediately after the

determination of the purchase price.

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.

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