Tove Andersen, member of the board of Borregaard ASA, has on 27 October 2021
purchased 2,000 shares in Borregaard ASA at a price of NOK 212.2273 per share.
Following this transaction, Tove Andersen owns 6,000 shares in Borregaard ASA.
The shares are purchased at Oslo Stock Exchange.

Shareholder-elected board members shall use 20% of their gross remuneration to
purchase shares in the company until they own shares equal in value to one
year's gross board remuneration. The shares shall be retained for as long as the
board member serves on the board.

Please see attached notifications for persons discharging managerial
responsibilities in Borregaard in accordance with Regulation EU 596/2014 (MAR)
article 19.

Borregaard ASA
Sarpsborg, 27 October 2021

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.

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© Oslo Bors ASA, source Oslo Stock Exchange