Borregaard — Share Issue/Capital Change 2019

Apr 23, 2019

Borregaard: Stock options exercised

Borregaard: Stock options exercised

23.04.2019: Borregaard ASA ("Borregaard", OSE ticker: BRG)

Today 30,000 stock options, granted under Borregaard's option programme, were

exercised at a strike price of NOK 38.75 per share.

After this transaction, the total number of options issued in Borregaard shares

is 1,912,000. Borregaard owns 405,996 treasury shares representing 0.41% of

total shares outstanding.

Borregaard ASA

Sarpsborg, 23 April 2019

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.