Borregaard: Mandatory notification of trade options - Primary insider - repurchasing of own shares

09.09.2014: Borregaard ASA ("Borregaard", OSE ticker: BRG)

On 9 September 2014, in connection with Borregaard's option programme,  primary insider Morten Harlem, Executive Vice President, Performance Chemicals, exercised 55 000 options in Borregaard shares at a strike price of NOK 17.93 per share and 100 000 options at a strike price of NOK 20.40 per share.

In the same transaction, Borregaard repurchased 155 000 own shares from the primary insider Morten Harlem at an average price of NOK 43.2547 per share. The repurchase is conducted in accordance with a proxy given at the Ordinary General Meeting held on 23 April 2014.

After the transaction, Morten Harlem owns 45 084 shares and 0 options in Borregaard.

After the transaction, the total number of options issued in Borregaard shares is 798 800. Borregaard owns 818 434 treasury shares representing 0.82% of total shares outstanding.

Borregaard ASA
Sarpsborg, 9 September 2014

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