Borregaard ASA: Mandatory notification of trade - primary insider

Bente Seljebakken Klausen, observer of the Board of Borregaard ASA, and related
parties have on 4 February 2021 sold 1,380 shares in Borregaard ASA at a price
of NOK 166,00 per share. Following this transaction, Bente Seljebakken Klausen
and related parties own 108 shares in Borregaard ASA.

Sarpsborg, 4 February 2021

This information is subject to the disclosure requirements pursuant to Section
5-12 of the Norwegian Securities Trading Act.

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