Borregaard — Share Issue/Capital Change 2018

Feb 28, 2018

Borregaard: Mandatory notification of trade - shares for employees 2018

Borregaard: Mandatory notification of trade - shares for employees 2018

28 February 2018: Borregaard ASA ("Borregaard", OSE ticker: BRG)

Reference is made to the stock exchange notices of 5 and 12 February regarding

the shares to employees programme. Today Borregaard transferred in total

309,301 shares to the 439 employees who participated in this year's programme.

After this transfer Borregaard owns 314,764 treasury shares.

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.