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Borregaard

Transaction in Own Shares May 24, 2018

3562_dirs_2018-05-24_9d8aa091-fa3f-4c93-87fa-fbabf6c48aed.html

Transaction in Own Shares

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Borregaard : Mandatory notification of trade - stock options, primary insider, repurchase of own shares

Borregaard : Mandatory notification of trade - stock options, primary insider, repurchase of own shares

On 24 May 2018 primary insider Gisle Løhre Johansen, Senior Vice President, R&D,

Business Development and Fine Chemicals, exercised 25,000 stock options at a

strike price of NOK 41.00 per share.

In a related transaction, Borregaard repurchased 25,000 own shares from Gisle

Løhre Johansen at an average price of NOK 87.9172 per share. The repurchase is

conducted in accordance with a proxy given at the Ordinary General Meeting held

on 12 April 2018.

After the transaction, Gisle Løhre Johansen owns 20,708 shares and 55,000 stock

options in Borregaard.

The total number of outstanding Borregaard stock options following this

transaction is 1,649,000. Borregaard owns 472,631 treasury shares, representing

0.47% of the total number of shares outstanding.

Borregaard ASA

Sarpsborg, 24 May 2018

This information is subject to the disclosure requirements pursuant to Section

5-12 of the Norwegian Securities Trading Act.

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