Borregaard ASA: Initiation of share repurchase programme

04 Nov 2022 12:42 CET

04 November 2022: Borregaard ASA ("Borregaard", OSE ticker: BRG)

Borregaard intends to repurchase up to 200,000 shares of its outstanding common
stock. The shares will be used for employee incentive programmes. Borregaard's
Board of Directors was given authority by the shareholders at the Ordinary
General Meeting held on 7 April 2022 to repurchase up to ten percent of the
outstanding shares. According to the proxy, the highest price to be paid is NOK
400.00 per share.

The repurchase of shares will be conducted in a period from 7(th) November up to
and including 15(th) December 2022 at the latest. The maximum daily volume to be
purchased during the above-mentioned period is 15,100 shares. This limit
corresponds to 25% of the average daily turnover in October 2022. All shares
will be purchased in a regulated market.

Borregaard has appointed Carnegie AS to carry out the repurchase programme
according to the rules and regulations of Oslo Børs (cfr. Guidelines February
2021).

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

This information is subject to the disclosure requirements pursuant to
Regulation (EU) nr. 596/2014 on market abuse (MAR) Article 2 and Section 5-12 of
the Norwegian Securities Trading Act.

More information:
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