Borregaard: The Board of Directors' proposal to Borregaard's Annual General Meeting

5 February 2014: Borregaard ASA ("Borregaard", OSE ticker: BRG)

At a meeting on 4 February 2014 the Board of Directors decided to propose to the Annual General Meeting an ordinary dividend for 2013 of NOK 1,10 per share, except for treasury shares, totally estimated to NOK 109 million. The exact amount will depend on the number of treasury shares held at the date of the Annual General Meeting.

The share will be quoted exclusive of the dividend on 24 April 2014. Subject to the decision of the Annual General Meeting, the dividend will be paid on 6 May 2014 to shareholders registered as owners at the date of the Annual General Meeting.

The Annual General Meeting of Borregaard ASA will be held on Wednesday 23 April 2014 at 3 p.m. (15:00 CET) at Felix Konferansesenter, Bryggetorget 3, Vika, Oslo.

Borregaard's Annual Report 2013 will be released on 2 April 2014.

Contacts
Jørn Syvertsen, Director Investor Relations, +47 958 36 335
Lotte Kvinlaug, Investor Relations Officer, +47 922 86 909

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.