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Borregaard Share Issue/Capital Change 2022

Mar 1, 2022

Share Issue/Capital Change

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Borregaard ASA: Shares for employees 2022

1 March 2022: Borregaard ASA ("Borregaard", OSE ticker: BRG)

Reference is made to the stock exchange notices of 7 and 14 February regarding

the shares to employees programme. Today Borregaard transferred in total

162,810 shares to the 531 employees who participated in this year's programme.

After this transfer Borregaard owns 250,365 treasury shares.

Contact:

Lotte Kvinlaug, Investor Relations Officer, +47 922 86 909