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

03/02/2016

3 February 2016: Borregaard ASA ("Borregaard", OSE ticker: BRG)

At a meeting on 2 February 2016 the Board of Directors decided to propose to the Annual General Meeting an ordinary dividend for 2015 of NOK 1.50 per share, estimated at NOK 149 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.

Provided that the traded shares are subject to ordinary settlement in the Norwegian Securities Register (VPS), shares acquired up to and including 13 April 2016 will carry the right to receive dividends, whereas shares that are acquired on and after 14 April 2016 will not carry the right to receive dividends. Subject to the decision of the Annual General Meeting, the dividend will be paid on 22 April 2016 to shareholders registered in the company's shareholders' register as evidenced in a transcript as of 15 April 2016.

The share will be quoted ex dividend on 14 April 2016.

The Annual General Meeting of Borregaard ASA will be held on Wednesday 13 April 2016 at 2 p.m. (14:00 CET) at Felix Konferansesenter, Bryggetorget 3, Vika, Oslo.

Borregaard's Annual Report for 2015 will be released on 23 March 2016.

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.