Borregaard: Mandatory notification of trade options

21.10.2016: Borregaard ASA ("Borregaard", OSE ticker: BRG)

On 21 October 2016, in connection with Borregaard's option programme, 25,000
options in Borregaard shares were exercised at a strike price of NOK 15.18 per
share.

After this transaction, the total number of options issued in Borregaard shares
is 980,000. Borregaard owns 343,380 treasury shares representing 0.34% of total
shares outstanding.

Borregaard ASA
Sarpsborg, 21 October 2016

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.