Borregaard

Transaction in Own Shares • Feb 10, 2020

Borregaard ASA: Trade subject to notification - shares for employees 2020

Borregaard ASA: Trade subject to notification - shares for employees 2020

10 February 2020: 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 10 February up to and including 14

February 2020. The price per share will be equal to the average volume weighted

market price on 14 February 2020, 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 59 000.

The commitments made today by primary insiders to buy shares under the programme

are specified in the attachment. The purchase price and the number of shares

acquired in this way by primary insiders, as well as their updated

shareholdings, will be notified to the Stock Exchange immediately after the

determination of the purchase price.

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.