Borregaard: Issuance of commercial paper

Borregaard ASA has issued a commercial paper ISIN NO0010821333 of NOK
150,000,000.

Start date:                  18 April, 2018
Maturity:                     28 May, 2018
Coupon:                     0,97 %
Organised by:            Handelsbanken

Sarpsborg, 16 April 2018

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.