Borregaard ASA: Reporting of transactions in Borregaard ASA's shares made by person discharging managerial responsibilities

Today, primary insider Kristin Misund, Senior Vice President (SVP) R&D and Business Development, exercised 10,000 stock options at a strike price of NOK 70.95 per share and in a separate transaction purchased 10,000 shares.

The shares are drawn from Borregaard’s holdings of treasury shares.

Please, see attached notifications for persons discharging managerial responsibilities in Borregaard in accordance with Regulation EU 596/2014 (MAR) article 19.

After the transactions, Kristin Misund owns 69,810 shares and holds 23,000 stock options in Borregaard.

The total number of outstanding Borregaard stock options following this transaction is 1,246,494. Borregaard owns 414,862 treasury shares, representing 0.41% of the total number of shares outstanding.

Borregaard ASA
Sarpsborg, 6 December 2021

Lotte Kvinlaug, Investor Relations Officer, +47 922 86 909

This information is subject to the disclosure requirements pursuant to Section 3-1 of the Norwegian Securities Trading Act, cf. Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) Article 19.