Borregaard ASA: Mandatory notification of trade - stock options, primary insider, repurchase of own shares

02.03.2020: Borregaard ASA ("Borregaard", OSE ticker: BRG)

On 2 March 2020 primary insider Tuva Barnholt, Senior Vice President Purchasing
and Strategic Sourcing, exercised 20,000 stock options at a strike price of NOK
42.24 per share.

In a related transaction, Borregaard repurchased 20,000 own shares from Tuva
Barnholt at an average price of NOK 101.18 per share. The repurchase is
conducted in accordance with a proxy given at the Ordinary General Meeting held
on 11 April 2019.

After the transaction, Tuva Barnholt owns 20,381 shares and has 45,000 stock
options in Borregaard.

The total number of outstanding Borregaard stock options following this
transaction is 1,558,207. Borregaard owns 108,097 treasury shares, representing
0.11% of the total number of shares outstanding.

Borregaard ASA
Sarpsborg, 2 March 2020

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.

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