Borregaard

Transaction in Own Shares • Feb 16, 2018

Borregaard: Initiation of share repurchase programme

Borregaard: Initiation of share repurchase programme

16 February 2018: Borregaard ASA ("Borregaard", OSE ticker: BRG)

Borregaard intends to repurchase up to 300,000 shares of its outstanding common

stock. The shares will be used for employee incentive programmes. Borregaard's

Board of Directors was given authority by the shareholders at the Ordinary

General Meeting held on 20 April 2017 to repurchase up to ten percent of the

outstanding shares. According to the proxy, the highest price to be paid is NOK

250.00 per share.

The repurchase of shares will be conducted in a period from 19(th) February up

to and including 11(th) April 2018 at the latest. All shares will be purchased

in the regulated market (OSX).

Borregaard has appointed DNB Markets to carry out the repurchase programme

according to the rules and regulations of Oslo Børs (see Circular No. 2/2008).

Contact

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

This information is subject to the disclosure requirements pursuant to Section

5-12 of the Norwegian Securities Trading Act.