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

09.09.2014: Borregaard ASA ("Borregaard", OSE ticker: BRG)

On 9 September 2014, in connection with Borregaard's option programme,  primary
insider Morten Harlem, Executive Vice President, Performance Chemicals,
exercised 55 000 options in Borregaard shares at a strike price of NOK 17.93 per
share and 100 000 options at a strike price of NOK 20.40 per share.

In the same transaction, Borregaard repurchased 155 000 own shares from the
primary insider Morten Harlem at an average price of NOK 43.2547 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, Morten Harlem owns 45 084 shares and 0 options in
Borregaard.

After the transaction, the total number of options issued in Borregaard shares
is 798 800. Borregaard owns 818 434 treasury shares representing 0.82% of total
shares outstanding.

Borregaard ASA
Sarpsborg, 9 September 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#1854767]