Borregaard : The supplier of raw material to the lignin plant in Spain has decided to file for voluntary bankruptcy

Sniace, the supplier of raw material to Borregaard's lignin plant in Spain, has
decided to file for voluntary bankruptcy in order to restructure its debt. The
pulp mill is currently not in operation, and it is uncertain if and when it will
be restarted.

The Board of the Spanish Sniace Group, including Celltech S.L.U., the pulp unit
supplying raw material to LignoTech Ibérica S.A., has decided to file for
Voluntary Bankruptcy (a request to reach a general agreement with its creditors
under a court procedure similar to the procedure of Chapter 11 of the US
Bankruptcy Law) at the Commercial Court of Madrid. This means that the attempts
to find a voluntary agreement to restructure the debt, initiated by the Board of
Sniace on 25 June, have turned out to be insufficient in light of the company's
financial and legal position. The Commercial Court of Madrid will, in accordance
with the established procedures, appoint a Court Administrator who will examine
the situation and decide on further steps.

For more detailed information about Borregaard's lignin operations in Spain, and
the events leading up to the decision by the Board of Sniace to file for
voluntary bankruptcy, please see the communications from Borregaard on 26 June
and 25 July 2013 (link below). (http://www.borregaard.com/Investor-
relations/Download-center?subtreefilter=60953)

Borregaard ASA

Sarpsborg, 8 September 2013

Contacts:

Per Bjarne Lyngstad, CFO, +47 952 44 515

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

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



[HUG#1727882]