Borregaard: Mandatory notification of trade - primary insiders, repurchase of own shares

18.07.2016: Borregaard ASA ("Borregaard", OSE ticker: BRG)

On 18 July 2016 the following primary insiders exercised Borregaard stock options:

Per Bjarne Lyngstad, Chief Financial Officer, exercised 3,798 stock options at a strike price of NOK 15.18 per share. In the same transaction, Borregaard repurchased 3,798 own shares from Mr. Lyngstad at an average price of NOK 66.75 per share. As a result of this transaction, Per Bjarne Lyngstad owns 53,596 shares and holds 60,000 options in Borregaard.

Ole Gunnar Jakobsen, Senior Vice President, Sarpsborg site, exercised 1,992 stock options at a strike price of NOK 15.18 per share. In the same transaction, Borregaard repurchased 1,992 own shares from Mr. Jakobsen at an average price of NOK 66.75 per share. As a result of this transaction, Ole Gunnar Jakobsen owns 28,363 shares and holds 50,000 options in Borregaard.

Dag Arthur Aasbø, Senior Vice President Organisation and Public Affairs, exercised 2,065 stock options at a strike price of NOK 15.18 per share. In the same transaction, Borregaard repurchased 1,565 own shares from Mr. Aasbø at an average price of NOK 66.75 per share. As a result of this transaction, Dag Arthur Aasbø has increased his share ownership by 500 shares to 44,096, and he holds 50,000 options in Borregaard.

Borregaard's repurchase of own shares as described above was conducted in accordance with the proxy given at the Ordinary General Meeting held on 13 April 2016. The total number of outstanding Borregaard stock options following today's transactions is 1,005,000. Borregaard owns 368,380 treasury shares, representing 0.37% of the total number of shares outstanding.

Borregaard ASA
Sarpsborg, 18 July 2016

Contact
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.