Borregaard: Trade subject to notification - shares for employees 2017

13 February 2017: Borregaard ASA ("Borregaard", OSE ticker: BRG)

Borregaard employees have been given the opportunity to buy shares at a discounted price. The offer is valid from 13 February up to and including 17 February 2017. The price per share will be equal to the average volume weighted market price on 17 February 2017, with a 30% discount. Under the program, employees may buy shares for a total amount of either NOK 4 000, NOK 12 000, NOK 20 000 or NOK 28 000.

The commitments made today by primary insiders to buy shares under the program are specified in the attachment. The purchase price and the number of shares acquired in this way by primary insiders, as well as their updated shareholdings, will be notified to the Oslo Stock Exchange immediately after the determination of the purchase price.

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.