Borregaard

Transaction in Own Shares • Feb 19, 2021

Borregaard ASA: Initiation of share repurchase programme

Borregaard ASA: Initiation of share repurchase programme

19 February 2021: Borregaard ASA ("Borregaard", OSE ticker: BRG)

Borregaard intends to repurchase up to 250,000 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 15 June 2020 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 22(nd) February up

to and including 31(st) March 2021 at the latest. The maximum daily volume to be

purchased during the above-mentioned period is 44,000 shares. This limit

corresponds to 25% of the average daily turnover in January 2021. All shares

will be purchased in a regulated market.

Borregaard has appointed Handelsbanken Capital 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.