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Borregaard: Florida lignin investment approved

The board of directors of Borregaard and Rayonier Advanced Materials have
decided to go ahead with the investment project in Florida after securing
necessary permits as well as incentives from local authorities. Phase one of
the project is expected to be completed mid- 2018, and will represent a
capacity of 100,000 metric tonnes lignin. The parties are in the process of
securing external financing for about half of the USD 110 million investment
for phase one. LignoTech Florida LLC is owned 55% by Borregaard and 45% by
Rayonier Advanced Materials.

See also stock exchange notices dated 28 June 2016, 17 December and 1 June

Sarpsborg, 9 December 2016

Jørn Syvertsen, Director Investor Relations, +47 958 36 335

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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