Borregaard

Transaction in Own Shares • Nov 15, 2024

Borregaard ASA: Initiation of share repurchase programme

Borregaard ASA: Initiation of share repurchase programme

15 November 2024: Borregaard ASA ("Borregaard", OSE ticker: BRG)

Borregaard intends to repurchase up to 200,000 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 11 April 2024 to repurchase up to ten percent of the

outstanding shares. According to the proxy, the highest price to be paid is NOK

400.00 per share.

The repurchase of shares will be conducted in a period from 18(th) November up

to and including 20(th) December 2024 at the latest. The maximum daily volume to

be purchased during the above-mentioned period is 15,628 shares. This limit

corresponds to 25% of the average daily turnover in October 2024. All shares

will be purchased in a regulated market.

Borregaard has appointed SpareBank 1 Markets AS to carry out the repurchase

programme according to the rules and regulations of Oslo Børs (cfr. Guidelines

February 2021).

Contact:

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

This information is subject to the disclosure requirements pursuant to

Regulation (EU) nr. 596/2014 on market abuse (MAR) Article 2 and Section 5-12 of

the Norwegian Securities Trading Act.