Borregaard (BRG)

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Borregaard ASA: Invitation to Q4 2021 announcement

26 January 2022: Borregaard ASA (“Borregaard”, OSE ticker: BRG)

Presentation of Q4 2021 results
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Borregaard will report fourth quarter 2021 results on Thursday 3 February 2022
at 07:00 CET. A stock exchange announcement will be made. A press release, the
quarterly report and a presentation will be made available on
Investor Relations - Borregaard.

A presentation of the fourth quarter 2021 results will be held at 08:00 CET and
can be followed live on web-TV at Investor Relations - Borregaard.

All presentations will be held in English.

For more information about Borregaard ASA, please visit
https://www.borregaard.com/.

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.

Kilde

[TekBot]

Borregaard ASA: The Board of Directors’ dividend proposal to Borregaard’s General Meeting

3 February 2022: Borregaard ASA (“Borregaard”, OSE ticker: BRG)

At a meeting on 2 February 2022 the Board of Directors of Borregaard ASA decided
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to propose an ordinary dividend for 2021 of NOK 2.75 per share to the General
Meeting. In addition, the Board of Directors has decided to propose an
extraordinary dividend of NOK 2.25 per share due to increased earnings and a
strong cash flow. In total, the proposed dividend is NOK 5.00 per share.
Dividend payment is estimated at NOK 498 million. The exact amount will depend
on the number of treasury shares held at the date of the General Meeting. No
dividend will be paid on treasury shares held by the Borregaard Group.

Provided that the traded shares are subject to ordinary settlement in the
Norwegian Securities Register (VPS), shares acquired up to and including 7 April
2022 will carry the right to receive dividends, whereas shares that are acquired
on and after 8 April 2022 will not carry the right to receive dividends. Subject
to the decision of the General Meeting, the dividend will be paid on 21 April
2022 to shareholders registered in the company’s shareholders’ register as
evidenced in a transcript as of 11 April 2022.

The share will be quoted ex dividend on 8 April 2022.

The General Meeting of Borregaard ASA will be held on Thursday 7 April 2022 at
1 p.m. (13:00 CET) in Sarpsborg.

Borregaard’s Annual Report for 2021 will be released on 17 March 2022.

Contacts:
Per Bjarne Lyngstad, CFO, +47 952 44 515
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.

Kilde

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Borregaard ASA: EBITDA1 NOK 263 million in the 4th quarter

Borregaard’s operating revenues reached NOK 1,446 million (NOK 1,338 million)(2)
in the 4(th) quarter of 2021. EBITDA was NOK 263 million (NOK 263 million).
BioSolutions’ result improved significantly, while BioMaterials and Fine
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Chemicals had weaker results. The net currency impact on EBITDA was slightly
positive compared with the 4(th) quarter of 2020.

A favourable product mix was the main reason for the significant EBITDA
improvement in BioSolutions. Lower deliveries of speciality cellulose and
increased energy spot prices affected BioMaterials negatively. For Fine
Chemicals, the EBITDA decrease was mainly due to lower deliveries, weaker
product mix and increased raw material costs for fine chemical intermediates.
High spot prices for liquefied natural gas and electricity led to increased
energy costs in all business areas. Production output from the Sarpsborg site
was below normal levels, partly due to an extended annual maintenance stop,
which also affected manufacturing costs negatively.

Profit before tax was NOK 132 million (NOK 119 million). Earnings per share was
NOK 1.02 (NOK 1.22).

Full year 2021
Operating revenues in 2021 increased to NOK 5,805 million (NOK 5,328 million).
EBITDA increased to an all-time high of NOK 1,372 million (NOK 1,132 million).
Profit before tax was NOK 873 million (NOK 496 million). Earnings per share was
NOK 6.95 (NOK 4.38).

• We are pleased with the overall strong performance in 2021 driven by increased
  specialisation and the significant improvement in BioSolutions, says President
  and CEO Per A. Sørlie.

Contacts:
Chief Financial Officer, Per Bjarne Lyngstad, +47 952 44 515
SVP Organisation and Public Affairs, Dag Arthur Aasbø, +47 918 34 108

1. Operating profit before depreciation, amortisation and other income and
   expenses
2. Figures in parentheses are for the corresponding period in the preceding year

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

Kilde

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Borregaard ASA: Shares for employees 2022

7 February 2022: Borregaard ASA (“Borregaard”, OSE ticker: BRG)

Borregaard employees have been given the opportunity to buy shares at a
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discounted price. The offer is valid from 7 February up to and including 11
February 2022. The price per share will be equal to the average volume weighted
market price on 11 February 2022, with a 25% discount. Under the programme,
employees may buy shares for a total amount of either NOK 4 000, NOK 12 000,
NOK 20 000, NOK 32 000, NOK 46 000 or NOK 63 000.

Contact:
Lotte Kvinlaug, Investor Relations Officer, +47 922 86 909

Kilde

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Borregaard ASA: Reporting of transactions in Borregaard ASA’s shares made by person discharging managerial responsibilities

14 February 2022 Borregaard ASA (“Borregaard”, OSE ticker: BRG)

Reference is made to the stock exchange notice of 7 February 2022 regarding the
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shares to employees programme.

The share price was fixed at NOK 152.50, after deduction of the 25% discount
from the volume weighted average market price on 11 February 2022.

In connection with this programme, the following primary insiders have bought
shares:

Per A. Sørlie, President & CEO has bought 413 shares. Following this transaction
Per A. Sørlie owns 164,312 shares and holds 205,000 stock options in Borregaard.

Per Bjarne Lyngstad, Chief Financial Officer (CFO), bought 413 shares. Following
this transaction, Per Bjarne Lyngstad owns 60,915 shares and holds 66,136 stock
options in Borregaard.

Tom Erik Foss-Jacobsen, Executive Vice President (EVP), bought 413 shares.
Following this transaction Tom Erik Foss-Jacobsen owns 29,734 shares and holds
78,350 stock options in Borregaard.

Dag Arthur Aasbø, Senior Vice President (SVP), bought 413 shares. Following this
transaction Dag Arthur Aasbø owns 54,715 shares and holds 50,000 stock options
in Borregaard.

Ole Gunnar Jakobsen, Plant Director, Sarpsborg Site, bought 413 shares.
Following this transaction Ole Gunnar Jakobsen owns 32,482 shares and holds
61,425 stock options in Borregaard.

Rolf Sveinung Heggen, General Counsel, bought 413 shares. Following this
transaction Rolf Sveinung Heggen and related parties own 24,823 shares and holds
51,700 stock options in Borregaard.

Liv Longva, Senior Vice President (SVP), bought 413 shares. Following this
transaction Liv Longva owns 11,398 shares and holds 38,000 stock options in
Borregaard.

Kristin Misund, Senior Vice President (SVP), bought 413 shares. Following this
transaction Kristin Misund owns 70,223 shares and holds 23,000 stock options in
Borregaard.

Arundel Kristiansen, employee elected member of the board of Borregaard ASA,
bought 413 shares. Following this transaction Arundel Kristiansen owns 906
shares in Borregaard.

Roy Kåre Appelgren, observer of the board of Borregaard ASA, bought 413 shares.
Following this transaction Roy Kåre Appelgren owns 1,911 shares in Borregaard.

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

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.

Kilde

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Borregaard ASA: Reporting of transactions in Borregaard ASA’s shares made by person discharging managerial responsibilities and closely related parties

Bente Seljebakken Klausen, observer of the board of Borregaard ASA, has on 7
February 2022 sold 148 shares in Borregaard ASA at a price of NOK 205.00 per
share and on 14 February bought 302 shares at a price of NOK 152.50 per share in
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connection with the shares to employees programme. Following these transactions,
Bente Seljebakken Klausen owns 700 shares in Borregaard ASA.

Espen Seljebakken Klausen, a related party to Bente Seljebakken Klausen, has on
7 February 2022 sold 148 shares in Borregaard ASA at a price of NOK 205.00 per
share and on 14 February bought 302 shares at a price of NOK 152.50 per share in
connection with the shares to employees programme. Following these transactions,
Espen Seljebakken Klausen owns 702 shares in Borregaard ASA.

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

Borregaard ASA
Sarpsborg, 14 February 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.

Kilde

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Borregaard ASA: Reporting of transactions in Borregaard ASA’s shares made by person discharging managerial responsibilities

17.02.2022: Borregaard ASA (“Borregaard”, OSE ticker: BRG)

Borregaard’s Board of Directors has issued share options in accordance with the
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proxy given by the Annual General Meeting held on 14 April 2021. The total
number of options issued is 200,000.

The options will expire after five years (17 February 2027) and may be exercised
in the last two years. The strike price of the options is NOK 228.75. It is
based on the volume weighted average share price (VWAP) during the first three
trading days after the announcement of the 4th quarter 2021 results with an
addition of 10%. The strike price will be adjusted for dividend and other equity
transactions. The maximum annual gain is limited to twice the annual base salary
for the Chief Executive Officer, and the equivalent to the annual base salary
for the other option holders. At least 50% of the proceeds after tax must be
used to purchase shares in the company, and the purchased shares will be locked
for a period of three years. The members of the executive management are
expected to acquire shares until their shareholdings equal their annual base
salary, and twice the base salary for the Chief Executive Officer.

The primary insiders granted stock options today have the following holdings of
options and shares in Borregaard after the new share options were issued (new
options in parenthesis):

Per A. Sørlie holds 235,000 options (30,000) and owns 164,312 shares
Per Bjarne Lyngstad holds 74,136 (8,000) and owns 60,915 shares
Tom Erik Foss-Jacobsen holds 88,350 options (10,000) and owns 29,734 shares
Sveinung Heggen holds 58,200 options (6,500) and owns together with related
parties 24,823 shares
Ole Gunnar Jakobsen holds 69,425 options (8,000) and owns 32,482 shares
Gisle Løhre Johansen holds 63,750 options (8,000) and owns 21,476 shares
Kristin Misund holds 29,500 options (6,500) and owns 70,223 shares
Liv Longva holds 44,500 options (6,500) and owns 11,398 shares
Dag Arthur Aasbø holds 56,500 options (6,500) and owns 54,715 shares

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

The total number of outstanding share options is now 1,436,274, equivalent to
1.44% of the number of shares (including 414,862 treasury shares) in Borregaard.

Contacts:
Chief Financial Officer, Per Bjarne Lyngstad, mobile +47 952 44 515
Senior Vice President Organisation and Public Affairs, Dag Arthur Aasbø, mobile
+47 918 34 108

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.

Kilde

[TekBot]

Borregaard ASA: Shares for employees 2022

1 March 2022: Borregaard ASA (“Borregaard”, OSE ticker: BRG)

Reference is made to the stock exchange notices of 7 and 14 February regarding
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the shares to employees programme. Today Borregaard transferred in total
162,810 shares to the 531 employees who participated in this year’s programme.

After this transfer Borregaard owns 250,365 treasury shares.

Contact:
Lotte Kvinlaug, Investor Relations Officer, +47 922 86 909

Kilde

[TekBot]

Borregaard ASA: Annual Report 2021

Borregaard’s Annual Report for 2021, which also includes the Sustainability
Report, is published today.

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A pdf-version and a zip file are attached this notice. To order a printed copy
of the report, please go to www.borre (http://www.borregaard.com)g
(http://www.borregaard.com)aard.com (http://www.borregaard.com).

Borregaard ASA
Sarpsborg, 17 March 2022

Contacts:
Tone Horvei Bredal, Communications Director, +47 924 67 711
Lotte Kvinlaug, Investor Relations Officer, +47 922 86 909

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

Kilde

[TekBot]

Borregaard ASA: Notice of Borregaard’s Annual General Meeting 2022

The Annual General Meeting of Borregaard ASA will be held on 7 April 2022 at
13:00 CET as a digital meeting.

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The following documents are attached:

• Notice of the Annual General Meeting
• Report on pay and other remuneration to senior management
• Recommendations of the nomination committee
• Election of Auditor

Borregaard’s Annual Report 2021 is available at the company’s webpage: www
(http://www.borregaard.com). (http://www.borregaard.com)b
(http://www.borregaard.com)o (http://www.borregaard.com)rregaard.com
(http://www.borregaard.com).

Notice of attendance is not required for the digital meeting. However,
shareholder must be logged in when the meeting starts.

The notice will be sent to all shareholders today. Notice of the Annual General
Meeting and other documents relating to items of business, as well as further
information concerning the rights of shareholders, may be found at
www.borregaard.com (http://www.borregaard.com).

The Annual General Meeting will be simultaneously interpreted to English.

Login will open at 12:00 CET at the date of the Annual General Meeting.

Borregaard ASA
Sarpsborg, 17 March 2022

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.

Kilde

[TekBot]

Borregaard ASA: New long-term sustainability-linked loan agreement

Borregaard has today entered into a ten-year sustainability-linked loan
agreement with the Nordic Investment Bank (NIB). The USD 50 million loan will
contribute to financing Borregaard’s investments to reduce CO(2) emissions and
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water effluents.

NIB and Borregaard have agreed on three key performance indicators (KPIs) to be
achieved. The KPIs are closely linked to Borregaard’s sustainability strategy.
The margin under the loan agreement can be adjusted based on Borregaard’s
progress on: (i) the Group’s 2030 target of reducing greenhouse gas emissions
(Scope 1 and 2) as approved by the Science Based Target initiative, (ii) reduce
emissions of organic compounds to the Glomma River to targeted levels and (iii)
reduction of the Group’s total recordable injuries.

Sarpsborg, 24 March 2022

Contact:
CFO, Per Bjarne Lyngstad, mobile +47 952 44 515

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

Kilde

[TekBot]

Borregaard ASA: Proxies for the Annual General Meeting 7 April 2022

In connection with Borregaard’s Annual General Meeting, Mr. Helge Aasen, chair
of the Board of Directors in Borregaard ASA, has been assigned voting rights
based on proxies for 7,164,192 shares in Borregaard ASA. The proxies apply
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exclusively to the Annual General Meeting in Borregaard ASA on 7 April 2022.
This means that Mr. Helge Aasen represents a total of 7,16 % of the outstanding
shares in Borregaard ASA.

Mr. Helge Aasen’s shareholding in Borregaard ASA is 3,900 shares.

Borregaard ASA
Sarpsborg, 31 March 2022

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.

Kilde

[TekBot]

Borregaard ASA: Annual General Meeting held

7 April 2022: Borregaard ASA (“Borregaard”, OSE ticker: BRG)

Borregaard’s Annual General Meeting today adopted all items as proposed on the
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agenda. The minutes and the list of attendants are available on
www.borregaard.com (https://www.borregaard.com).

Contact:
Lotte Kvinlaug, Investor Relations Officer, +47 922 86 909

This information is subject to the disclosure requirements pursuant to the
Norwegian Securities Trading Act § 5-12 and the Public Limited Company Act §
5-11b item 4.

Kilde

[TekBot]

Borregaard ASA: Invitation to Q1 2022 announcement

26 April 2022: Borregaard ASA (“Borregaard”, OSE ticker: BRG)

Presentation of Q1 2022 results
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Borregaard will report first quarter 2022 results on Tuesday 3 May 2022 at
07:00 CET. A stock exchange announcement will be made. A press release, the
quarterly report and a presentation will be made available on
Investor Relations - Borregaard.

A presentation of the first quarter 2022 results will also be held at 08:00 CET
at ABG Sundal Collier, Ruseløkkveien 26, Oslo. The presentation can be followed
live on web-TV at Investor Relations - Borregaard.

All presentations will be held in English.

For more information about Borregaard ASA, please visit
https://www.borregaard.com/.

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.

Kilde

[TekBot]

Borregaard ASA: EBITDA1 NOK 400 million in the 1st quarter

Borregaard’s operating revenues reached NOK 1,615 million (NOK 1,419 million)(2)
in the 1(st) quarter of 2022. EBITDA was NOK 400 million (NOK 302 million). The
result increased in all business areas. The net currency impact on EBITDA was
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positive compared with the 1(st) quarter of 2021.

Higher sales prices and a strong product mix, partly offset by increased energy
and freight costs, were the main reasons for the EBITDA improvement in
BioSolutions. Higher sales prices more than compensated for lower deliveries and
increased energy and raw material costs in BioMaterials. For Fine Chemicals, the
EBITDA increase was due to higher deliveries and increased sales prices, partly
offset by increased costs.

Profit before tax was NOK 277 million (NOK 176 million). Earnings per share was
NOK 2.18 (NOK 1.47).

• We are pleased to deliver improved results in all business areas, where price
  increases and improved product mix more than compensated for cost increases,
  says President and CEO Per A. Sørlie.

Contacts:
Chief Financial Officer, Per Bjarne Lyngstad, +47 952 44 515
Director Communication, Tone Horvei Bredal, +47 924 67 711

1. Operating profit before depreciation, amortisation and other income and
   expenses
2. Figures in parentheses are for the corresponding period in the preceding year

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

Kilde

[TekBot]

Borregaard ASA: Reporting of transactions in Borregaard ASA’s shares made by person discharging managerial responsibilities

Today, primary insider Per Sørlie, President & CEO, exercised 45,000 stock
options at a strike price of NOK 65.95 per share, and in separate transactions,
purchased and sold the same number of shares.
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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, Per Sørlie owns 164,312 shares and holds 190,000 stock
options in Borregaard.

Today, primary insider Per Bjarne Lyngstad, Chief Financial Officer (CFO),
exercised 16,136 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, Per Bjarne Lyngstad owns 60,915 shares and holds 58,000
stock options in Borregaard.

Today, primary insider Dag Arthur Aasbø, Senior Vice President (SVP), exercised
12,000 stock options at a strike price of NOK 65.95 per share and 2,000 stock
options at a strike price of NOK 70.30 per share, and in separate transactions,
purchased 14,000 and sold 13,500 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, Dag Arthur Aasbø owns 55,215 shares and holds 42,500
stock options in Borregaard.

The total number of outstanding Borregaard stock options following these
transactions is 1,330,331. Borregaard owns 246,541 treasury shares, representing
0.25% of the total number of shares outstanding.

Borregaard ASA
Sarpsborg, 6 May 2022

Contact:
Dag Arthur Aasbø, Senior Vice President, +47 918 34 108

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.

Kilde

[TekBot]

Borregaard ASA: Reporting of transactions in Borregaard ASA’s shares made by person discharging managerial responsibilities

Today, primary insider Gisle Løhre Johansen, Executive Vice President (EVP),
exercised 10,750 stock options at a strike price of NOK 65.95 per share and in
separate transactions, purchased and sold the same number of shares.
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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, Gisle Løhre Johansen owns 21,476 shares and holds
53,000 stock options in Borregaard.

The total number of outstanding Borregaard stock options following this
transaction is 1,313,581. Borregaard owns 245,551 treasury shares, representing
0.25% of the total number of shares outstanding.

Borregaard ASA
Sarpsborg, 12 May 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.

Kilde

[TekBot]

Substantial shareholding disclosure - Borregaard ASA

See attachment on www.newsweb.no
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Kilde

[TekBot]

Borregaard ASA: Invitation to Q2 2022 announcement

8 July 2022: Borregaard ASA (“Borregaard”, OSE ticker: BRG)

Presentation of Q2 2022 results
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Borregaard will report second quarter 2022 results on Friday 15 July 2022 at
07:00 CET. A stock exchange announcement will be made. A press release, the
quarterly report and a presentation will be made available on
Investor Relations - Borregaard.

A presentation of the second quarter 2022 results will also be held at 08:30 CET
at DNB Markets, Dronning Eufemias gate 30, Oslo. The presentation can be
followed live on web-TV at Investor Relations - Borregaard.

All presentations will be held in English.

For more information about Borregaard ASA, please visit
https://www.borregaard.com/.

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.

Kilde

[TekBot]

Borregaard ASA: All-time high EBITDA1 of NOK 445 million in the 2nd quarter

Borregaard’s operating revenues reached NOK 1,744 million (NOK 1,511 million)(2)
in the 2(nd) quarter of 2022. EBITDA increased to NOK 445 million (NOK 416
million), an all-time high quarterly result for the Group. The result increased
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in BioSolutions and Fine Chemicals while there was a decrease in BioMaterials.
The net currency impact on EBITDA was positive compared with the 2(nd) quarter
of 2021.

Higher sales prices and a strong product mix, partly offset by cost increases,
were the main reasons for the EBITDA improvement in BioSolutions. Higher sales
prices did not fully compensate for increased energy and raw material costs and
lower deliveries in BioMaterials. For Fine Chemicals, the EBITDA increase was
due to increased sales prices, partly offset by lower deliveries and increased
costs.

Operating profit reached NOK 346 million (NOK 314 million). Profit before tax
was NOK 322 million (NOK 296 million). Earnings per share was NOK 2.52 (NOK
2.34).

• We are pleased to deliver an all-time high result for the Group. Borregaard’s
  specialisation strategy with leading and diversified market positions, has
  proven its resilience towards significant cost inflation and challenges in the
  value chain, says President and CEO Per A. Sørlie.

Contacts:
Chief Financial Officer, Per Bjarne Lyngstad, +47 952 44 515
SVP Organisation and Public Affairs, Dag Arthur Aasbø, +47 918 34 108

1. Operating profit before depreciation, amortisation and other income and
   expenses
2. Figures in parentheses are for the corresponding period in the preceding year

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

Kilde