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
Dag Arthur Aasbø, Senior Vice President of Organisation and Public Affairs of
Borregaard ASA, exercised 97 500 options in Borregaard shares at a strike price
of NOK 17.93 per share and 75 000 options in Borregaard shares at a strike price
of NOK 20.40 per share.

In the same transaction, Borregaard repurchased 152 500 own shares from the
primary insider Dag Arthur Aasbø 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, Dag Arthur Aasbø owns 39 721 shares and 12 500 options in
Borregaard.

After the transaction, the total number of options issued in Borregaard shares
is 1 762 000. Borregaard owns 913 933 treasury shares representing 0.91% 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#1782327]