17 February 2020 Borregaard ASA ("Borregaard", OSE ticker: BRG) Reference is made to the stock exchange notice of10 February 2020 regarding the shares to employees programme. The share price was fixed atNOK 77.95 , after deduction of the 25% discount from the volume weighted average market price on14 February 2020 . The number of shares acquired by primary insiders under this year's programme, as well as their adjusted total holdings, is specified in the attachment. Contact:Lotte Kvinlaug , Investor Relations Officer, +47 922 86 909 This information is subject to the disclosure requirements pursuant to Section 5 - 12 of the Norwegian Securities Trading Act.
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