Trade subject to notification - Shares for Employees 2013

2/15/2013 5:15 AM EST

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

Reference is made to the stock exchange notice of 8 
February 2013 regarding shares for employees 2013.

The buying price,and thereby the number of shares 
acquired by primary insiders, was fixed on the basis 
of the average market price (volume weighted)of the 
Borregaard share on 14 February 2013. The buying 
price was thus set at NOK 16.47 per share, including 
a 30 percent discount.

Information about the number of shares acquired by 
primary insiders, as well as their new holdings, is 
attached to this message.

Investor Relations contacts:
Jørn Syvertsen
Director Investor Relations, +47 95 83 63 35
Lotte Kvinlaug
Investor Relations Officer, +47 922 86 909
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This information is subject to the disclosure 
requirements pursuant to section 5 -12 of the 
Norwegian Securities Trading Act.