Borregaard — Share Issue/Capital Change 2023

Feb 6, 2023

Borregaard ASA: Shares for employees 2023

Borregaard ASA: Shares for employees 2023

6 February 2023: 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 6 February up to and including 10

February 2023. The price per share will be equal to the average volume weighted

market price on 10 February 2023, 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 66 000.

Contact:

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