Borregaard — Share Issue/Capital Change 2022

Feb 7, 2022

Borregaard ASA: Shares for employees 2022

Borregaard ASA: Shares for employees 2022

7 February 2022: 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 7 February up to and including 11

February 2022. The price per share will be equal to the average volume weighted

market price on 11 February 2022, with a 25% discount. Under the programme,

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

NOK 20 000, NOK 32 000, NOK 46 000 or NOK 63 000.

Contact:

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