Borgestad ASA: Mandatory notification of trade

22 May 2024 21:49 CEST

Gross Management AS has on 22 May 2024 purchased 4,310,344 shares in Borgestad
ASA (the "Company") for a price of NOK 0.40 per share. Gross Management AS is
represented on the Company's board of directors by the chairperson Glen Ole
Rødland. Please see the attached notification form for further details.

This information is subject to the disclosure requirements pursuant to
Regulation EU 596/2014 (MAR) article 19 and the Norwegian Securities Trading Act
section 5-12.

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619431_Borgestad ASA - Notification form (Gross Management AS)(19937357.1).pdf