Borregaard: Trade subject to notification - Shares for Employees 2014

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

Reference is made to the stock exchange notice of 10 February 2014 regarding shares for employees 2014.

The buying price, and thereby the number of shares acquired by primary insiders, was fixed on the basis of the average market price (volume weighted) of the Borregaard share on 17 February 2014. The buying price was thus set at NOK 25,11 per share, including a 30 percent discount.

Information about the number of shares acquired by primary insiders, as well as their new holdings, is attached to this message.

Contact
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.