Borregaard ASA: New supply contract for electric power with E-CO Energi

Borregaard and E-CO Energi have entered into a long-term contract for
hydroelectric power for a total of 1,66 TWh to be supplied to the Sarpsborg site
in the period 2022 to 2033, with annual deliveries increasing from 88 GWh to
175 GWh. This represents approximately 20% of the site's annual consumption of
electric power for the period as a whole.

Sarpsborg, 23 September 2019

Contact:
Jørn Syvertsen, Director Investor Relations, +47 958 36 335

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