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

03 Feb 2023 15:47 CET

Today, primary insider Gisle Løhre Johansen, Executive Vice President (EVP),
exercised 15,000 stock options at a strike price of NOK 70.30 per share and in
separate transactions, purchased and sold the same number of 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, Gisle Løhre Johansen owns 21,476 shares and holds
38,000 stock options in Borregaard.

The total number of outstanding Borregaard stock options following this
transaction is 1,147,300. Borregaard owns 430,872 treasury shares, representing
0.43% of the total number of shares outstanding.

Borregaard ASA
Sarpsborg, 3 February 2023

Contact:
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.

More information:
Access the news on Oslo Bors NewsWeb site

581374_Borregaard ASA Notification Johansen.pdf