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

03 Sep 2024 15:48 CEST

Today, Sveinung Heggen, General Counsel, exercised 15,000 stock options at a
strike price of NOK 87.60 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, Sveinung Heggen and related parties own 26,362 shares
and holds 34,500 stock options in Borregaard.

The total number of outstanding Borregaard stock options following this
transaction is 1,129,000. Borregaard owns 250,200 treasury shares, representing
0.25% of the total number of shares outstanding.

Borregaard ASA
Sarpsborg, 3 September 2024

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

626955_Borregaard ASA - Notification Heggen.pdf