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

04/02/2015

4 February 2015: Borregaard ASA ("Borregaard", OSE ticker: BRG)

At a meeting on 3 February 2015 the Board of Directors decided to propose to the Annual General Meeting an ordinary dividend for 2014 of NOK 1.25 per share, estimated at NOK 124 million in total. The exact amount will depend on the number of treasury shares held at the date of the Annual General Meeting. No dividend will be paid on treasury shares held by the Borregaard Group.

The share price will be quoted ex dividend on 16 April 2015. Subject to the decision of the Annual General Meeting, the dividend will be paid on 24 April 2015 to shareholders registered in the company's shareholders' register as evidenced in a transcript as of 17 April 2015. Provided that the traded shares are subject to ordinary settlement in the Norwegian Securities Register (VPS), shares acquired up to and including 15 April 2015 will carry the right to receive dividends, whereas shares that are acquired on and after 16 April 2015 will not carry the right to receive dividends.

The Annual General Meeting of Borregaard ASA will be held on Wednesday 15 April 2015 at 2 p.m. (14:00 CET) at Felix Konferansesenter, Bryggetorget 3, Vika, Oslo.

Borregaard's Annual Report for 2014 will be released on 25 March 2015.

Contacts
Jørn Syvertsen, Director Investor Relations, +47 958 36 335
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.