Initiation of share repurchase program in relation to employee share program

2/1/2013 7:01 AM EST

1 February 2013: Borregaard ASA ("Borregaard", OSE 
ticker: BRG)

Borregaard announces its intent to repurchase up to 
500,000 shares of its outstanding common stock in 
relation to the employee share program. Borregaard 
was given authority by its shareholders at an 
Extraordinary General Meeting held on 17 September 
2012 to repurchase up to ten percent of its 
outstanding shares. According to the proxy, the 
highest price to be paid is NOK 100,00 per share.

The repurchase of shares will be conducted in the 
period from 15 up to and including 28 February 2013. 
The maximum daily volume to be purchased during the 
above-mentioned period is 185,000 shares. All shares 
will be purchased in the regulated market (OSX). 
Borregaard has appointed ABG Sundal Collier to carry 
out the repurchase program according to the rules and 
regulations of the Oslo Stock Exchange (see 
Børssirkulære 2/2008).

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

Investor Relations contacts:
Jørn Syvertsen
Director of Investor Relations, +47 95 83 63 35
Lotte Kvinlaug
Investor Relations Officer, +47 922 86 909