Today, primary insider Ole Gunnar Jakobsen, Plant Director, Sarpsborg Site, exercised 11,425 stock options at a strike price of NOK 65.95 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, Ole Gunnar Jakobsen owns 32,482 shares and holds 58,000 stock options in Borregaard.

The total number of outstanding Borregaard stock options following this transaction is 1,254,230. Borregaard owns 438,254 treasury shares, representing 0.44% of the total number of shares outstanding.

Borregaard ASA
Sarpsborg, 9 December 2022

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.

Attachment

• Borregaard ASA Notification Jakobsen