Correction: Borregaard ASA: Mandatory notification of trade - stock options, primary insider, repurchase of own shares

This is a correction of the announcement dated 21 August 2019, where it was incorrectly informed that primary insider Tuva Barnholt, Senior Vice President Purchasing and Strategic Sourcing, exercised 25,000 stock options. The correct number is 5,000 stock options. In a related transaction, Borregaard repurchased 5,000 own shares (not 25,000) from Tuva Barnholt at an average price of NOK 93.87 per share. After the transaction, Tuva Barnholt owns 31,624 shares and 65,000 stock options in Borregaard.

The total number of outstanding Borregaard stock options following this transaction is 1,526,000. Borregaard owns 382,998 treasury shares, representing 0.38% of the total number of shares outstanding.

Borregaard ASA
Sarpsborg, 22 August 2019

This information is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.