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Borregaard: Borregaard ASA bond buy-back

Borregaard ASA (the "Company") refers to the Company's announcement on 25
October 2016 regarding a contemplated buy-back of up to NOK 200 million
nominal amount of the bond issue BRG01 (ISIN: NO0010704117). Outstanding
nominal value before the buy-back of bonds is NOK 400 million, and the bond
issue matures on 26 February 2019.

The "reverse Dutch auction" closed at 16:00 CET 26 October 2016. The Company
has decided to accept all offers up to and including a price of 101.1 % of
par value (the "Buy-Back Price"). Bondholders that offered a lower price than
the Buy-Back Price have received full volume allocation, while bondholders
who offered their bond holdings at the Buy-Back Price have received a scale
back in their offered volumes. The Company hereby confirms to buy back a
nominal amount of NOK 200 million in BRG01 at the Buy-Back Price plus accrued
interest on the settlement date, 31 October 2016.

Post settlement, the Company holds NOK 200 million nominal of the total NOK
400 million nominal outstanding amount in BRG01.

DNB Markets and SEB acted as Managers for the buy-back offer.

For further information, please contact:
Per Bjarne Lyngstad, CFO,
Tel: +47 95 24 45 15

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


This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Borregaard via Globenewswire

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