Borregaard: Mandatory notification of trade options - Primary insider - repurchasing of own shares

02.05.2014: Borregaard ASA ("Borregaard", OSE ticker: BRG)

On 2 May 2014, in connection with Borregaard's option programme, primary insider
Per Bjarne Lyngstad, Senior Vice President and Chief Financial Officer of
Borregaard ASA, exercised 95 000 options in Borregaard shares at a strike price
of NOK 17.93 per share and 100 000 options in Borregaard shares at a strike
price of NOK 20.40 per share.

In the same transaction, Borregaard repurchased 165 000 own shares from the
primary insider Per Bjarne Lyngstad at an average price of NOK 43.2184 per
share. The repurchase is conducted in accordance with a proxy given at the
Ordinary General Meeting held on 23 April 2014.

After the transaction, Per Bjarne Lyngstad owns 52 721 shares and 10 000 options
in Borregaard.

After the transaction, the total number of options issued in Borregaard shares
is 1 567 000. Borregaard owns 883 933 treasury shares representing 0.88% of
total shares outstanding.

Borregaard ASA
Sarpsborg, 2 May 2014

Contact:
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#1782330]