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Launch of the Oslo Stock Exchange share buyback program: BRG

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February 19, 2021: Borregaard ASA (“Borregaard”, symbol OSE: BRG)

Borregaard intends to repurchase up to 250,000 shares of its outstanding common stock. The shares will be used for employee incentive programs. The Borregaards board of directors was authorized by the shareholders at the ordinary general meeting of June 15, 2020 to buy back up to ten percent of the outstanding shares. According to the proxy, the highest price payable is NOK 250.00 per share.

The share buyback will be carried out in a period from 22nd February until 31 inclusivest March 2021 at the latest. The maximum daily volume to be purchased during the aforementioned period is 44,000 shares. This limit corresponds to 25% of the average daily turnover in January 2021. All the shares will be bought on a regulated market.

Borregaard instructed Handelsbanken Capital Markets to carry out the buyback program in accordance with Oslo Brs rules and regulations (see Circular No 2/2008).

Contact:
Lotte Kvinlaug, Investor Relations Officer, +47 922 86909

This information is subject to disclosure obligations in accordance with section 5 -12 of the Norwegian Securities Law.

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