Borregaard ASA: A-/Stable rating from Scope affirmed

Scope Ratings GmbH has affirmed Borregaard ASA's issuer rating of A-/Stable. The
same rating is assigned to the company's senior unsecured debt.

The credit rating announcement from Scope Ratings is attached.

Sarpsborg, 27 March 2025

Contact:

Director Investor Relations, Knut-Harald Bakke, +47 905 79 164

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