Borregaard — Share Issue/Capital Change 2025

Mar 17, 2025

Borregaard ASA: Borregaard to participate in Alginor capital raise

Borregaard ASA: Borregaard to participate in Alginor capital raise

Borregaard will co-invest with existing shareholders, Must Invest and Hatteland

Group, in a direct offering of new shares in Alginor, amounting to NOK 100

million. Additionally, the same three shareholders will underwrite a subsequent

rights issue for NOK 50 million, with subscription rights extended to all other

shareholders. In total, Alginor will raise NOK 150 million in new equity.

Depending on the outcome of the subsequent rights issue, Borregaard's equity

contribution will range from NOK 55 to 83 million, corresponding to an ownership

share of between 36% and 43% in Alginor.

Including this equity raise, Borregaard's total investments in Alginor will

increase to between NOK 474 and 502 million.

For more information about Alginor and the capital raise, please

see?https://alginor.no/.

Contact:?

Director Investor Relations, Knut-Harald Bakke, +47 905 79 164

This information is subject to the disclosure requirements pursuant to Section

5-12 of the Norwegian Securities Trading Act.