Borregaard ASA: Pulpwood prices for 1st half 2020

Negotiations with most suppliers of spruce pulpwood and woodchips to the biorefinery in Sarpsborg are finished. Borregaard’s wood costs in the first half of 2020 will be NOK 25 - 30 million lower than in the first half of 2019, thus continuing the trend of lower prices observed also in the second half of 2019.

Sarpsborg, 19 December 2019

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

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