Borregaard: Extension of commercial paper

Borregaard ASA has made an extension of NOK 100,000,000 in ISIN
1081045-0/ticker BRG02. Total outstanding amount in the paper after extension is
NOK 200,000,000.

Organised by: DNB Markets

Sarpsborg, 18 December 2017

Contact:
Chief Financial Officer, Per Bjarne Lyngstad, mobile +47 952 44 515

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