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Borregaard Share Issue/Capital Change 2021

Feb 24, 2021

3562_rns_2021-02-24_39148433-1e90-4536-9a56-650ba05f68fc.html

Share Issue/Capital Change

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Borregaard ASA: Trade subject to notification - shares for employees 2021

24 February 2021: Borregaard ASA ("Borregaard", OSE ticker: BRG)

Reference is made to the stock exchange notices of 8 and 15 February regarding

the shares to employees programme. Today Borregaard transferred in total

173,383 shares to the 490 employees who participated in this year's programme.

After this transfer Borregaard owns 237,696 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.

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Borregaard — Share Issue/Capital Change 2021

3562_rns_2021-02-24_39148433-1e90-4536-9a56-650ba05f68fc.html

Borregaard ASA: Trade subject to notification - shares for employees 2021

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Borregaard Share Issue/Capital Change 2021