Borregaard: Initiation of share repurchase programme

16 February 2018: Borregaard ASA ("Borregaard", OSE ticker: BRG)

Borregaard intends to repurchase up to 300,000 shares of its outstanding common
stock. The shares will be used for employee incentive programmes. Borregaard's
Board of Directors was given authority by the shareholders at the Ordinary
General Meeting held on 20 April 2017 to repurchase up to ten percent of the
outstanding shares. According to the proxy, the highest price to be paid is NOK
250.00 per share.

The repurchase of shares will be conducted in a period from 19(th) February up
to and including 11(th) April 2018 at the latest. All shares will be purchased
in the regulated market (OSX).

Borregaard has appointed DNB Markets to carry out the repurchase programme
according to the rules and regulations of Oslo Børs (see Circular No. 2/2008).

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.