Borregaard

Transaction in Own Shares • Aug 31, 2020

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

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

On 31 August 2020 primary insider Sveinung Heggen, General Counsel, exercised

24,932 stock options at a strike price of NOK 39.94 per share.

In a related transaction, Borregaard repurchased 19,932 own shares from Sveinung

Heggen at an average price of NOK 129.37 per share. The repurchase is conducted

in accordance with a proxy given at the Ordinary General Meeting held on 15 June

After the transaction, Sveinung Heggen holds 60,068 stock options in Borregaard,

and he and related parties own 22,317 Borregaard shares.

The total number of outstanding Borregaard stock options following this

transaction is 1,530,275. Borregaard owns 401,829 treasury shares, representing

0.40% of the total number of shares outstanding.

Borregaard ASA

Sarpsborg, 31 August 2020

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.