The funds managed by Impax Asset Management Group plc. have passed a disclosure
threshold as specified below:

Major shareholding disclosure        
Aggregation date
11-09-2020

Issuer Name
Borregaard ASA

Issuer ISIN
NO0010657505

Disclosure threshold passed
5%

Changes due to
Disposal

Number of shares before transaction
5,021,930.00        

Percentage of shares before transaction
5.02193%

Number of shares after transaction
4,954,013.00        

Percentage of shares after transaction
4.9540%

Number of voting rights before transaction
5,021,930.00        

Percentage of voting rights before transaction
5.02193%

Number of voting rights after transaction
4,954,013.00        

Percentage of voting rights after transaction
4.9540%

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© Oslo Bors ASA, source Oslo Stock Exchange