Borregaard

Transaction in Own Shares • Nov 15, 2022

Borregaard ASA: Repurchase of own shares

Borregaard ASA: Repurchase of own shares

15.11.2022: Borregaard ASA ("Borregaard", OSE ticker: BRG)

Reference is made to the stock exchange notice of 4 November 2022 where

Borregaard announced the intent to repurchase up to 200,000 of its outstanding

common stock. The repurchase of shares will be conducted in a period from 7

November up to and including 15 December 2022 at the latest.

Borregaard has in the period from 7 November up to and including 15 November in

total purchased 99,056 own shares through broker at an average price of NOK

142.72 per share.

Aggregated overview of transactions per day:

+---------------------+------------------+----------------+--------------------+

|Date |Aggregated daily |Weighted average|Total daily |

| |volume (number of |share price per |transaction value |

| |shares) |day (NOK) |(NOK) |

+---------------------+------------------+----------------+--------------------+

|07.11.22 |14,656 |139.1310 |2,039,103.94 |

+---------------------+------------------+----------------+--------------------+

|08.11.22 |15,100 |138.6021 |2,092,891.71 |

+---------------------+------------------+----------------+--------------------+

|09.11.22 |11,366 |140.5061 |1,596,992.33 |

+---------------------+------------------+----------------+--------------------+

|10.11.22 |14,498 |141.7237 |2,054,710.20 |

+---------------------+------------------+----------------+--------------------+

|11.11.22 |15,100 |145.3583 |2,194,910.33 |

+---------------------+------------------+----------------+--------------------+

|14.11.22 |13,304 |145.7663 |1,939,274.86 |

+---------------------+------------------+----------------+--------------------+

|15.11.22 |15,032 |147.6694 |2,219,766.42 |

+---------------------+------------------+----------------+--------------------+

|  |  |  |  |

+---------------------+------------------+----------------+--------------------+

|  |  |  |  |

+---------------------+------------------+----------------+--------------------+

|Previously disclosed |n.a. |n.a. |n.a. |

|buy-backs under the | | | |

|programme | | | |

|(accumulated) | | | |

+---------------------+------------------+----------------+--------------------+

|Accumulated under the|99,056 |142.72 |14,137,649.79 |

|buy-back programme | | | |

+---------------------+------------------+----------------+--------------------+

The issuer's holding of own shares:

Following the completion of the above transactions, Borregaard owns a total of

338,860 of own shares, corresponding to 0.34% of Borregaard's share capital.

Appendix:

A detailed overview of all transactions made under the buy-back programme that

have been carried out during the above-mentioned period is attached to this

report and available at www.newsweb.no (http://www.newsweb.no).

Contact:

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

This information is subject to the disclosure requirements pursuant to

Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016 Article 2 section

3 and Section 5-12 of the Norwegian Securities Trading Act.