Borregaard

Transaction in Own Shares • Feb 8, 2021

Borregaard ASA: Stock options exercised, repurchase of own shares

Borregaard ASA: Stock options exercised, repurchase of own shares

Today 12,000 stock options, granted under Borregaard's option programme, were

exercised at a strike price of NOK 73.45 per share and 6,000 stock options at a

strike price of NOK 94.06 per share.

In a related transaction, Borregaard repurchased 18,000 own shares at an average

price of NOK 169.57 per share. The repurchase is conducted in accordance with a

proxy given at the Ordinary General Meeting held on 15 June 2020.

After this transaction, the total number of options issued in Borregaard shares

is 1,375,000. Borregaard owns 380,579 treasury shares representing 0.38% of

total shares outstanding.

Borregaard ASA

Sarpsborg, 8 February 2021

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.