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

22.10.2014: Borregaard ASA ("Borregaard", OSE ticker: BRG)

On 22 October 2014, in connection with Borregaard's option programme, primary insider Per A. Sørlie, President and CEO, exercised 180 000 options in Borregaard shares at a strike price of NOK 17.93 per share.

In the same transaction, Borregaard repurchased 139 449 own shares from the primary insider Per A. Sørlie at an average price of NOK 43.8991 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, Per A. Sørlie owns 110 987 shares and 250 000 options in Borregaard.

After the transaction, the total number of options issued in Borregaard shares is 618 800. Borregaard owns 777 883 treasury shares representing 0.78% of total shares outstanding.

Borregaard ASA
Sarpsborg, 22 October 2014

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.