Borregaard ASA: Share buy-back programme completed

27.05.2026: Borregaard ASA ("Borregaard", OSE ticker: BRG)

Reference is made to the stock exchange notice of 8(th) May 2026 where Borregaard announced the intent to repurchase up to 300,000 of its outstanding common stock. The repurchase of shares will be conducted in a period from 11(th) May up to and including 18(th) June 2026 at the latest.

Borregaard has in the period from 21(st) May up to and including 27(th) May in total purchased 77,000 own shares through broker at an average price of NOK 148.05 per share.

By these transactions, Borregaard has completed its share buy-back programme by repurchasing 300,000 shares of its outstanding common stock.

Aggregated overview of transactions per day:

+---------------------+------------------+----------------+--------------------+ |Date |Aggregated daily |Weighted average|Total daily | | |volume (number of |share price per |transaction value | | |shares) |day (NOK) |(NOK) | +---------------------+------------------+----------------+--------------------+ |21.05.2026 |17,000 |148.0633 |2,517,076.10 | +---------------------+------------------+----------------+--------------------+ |22.05.2026 |15,000 |148.7527 |2,231,290.50 | +---------------------+------------------+----------------+--------------------+ |26.05.2026 |25,000 |147.0201 |3,675,502.50 | +---------------------+------------------+----------------+--------------------+ |27.05.2026 |20,000 |148.8035 |2,976,070.00 | +---------------------+------------------+----------------+--------------------+ |  |  |  |  | +---------------------+------------------+----------------+--------------------+ |  |  |  |  | +---------------------+------------------+----------------+--------------------+ |Previously disclosed |223,000 |145.2593 |32,392,814.50 | |buys under the | | | | |programme | | | | |(accumulated) | | | | +---------------------+------------------+----------------+--------------------+ |Accumulated under the|300,000 |145.9759 |43,792,753.60 | |buy-back programme | | | | +---------------------+------------------+----------------+--------------------+

The issuer's holding of own shares: Following the completion of the above transactions, Borregaard owns a total of 355,404 of own shares, corresponding to 0.36% of Borregaard's share capital.

Appendix: A detailed overview of all transactions made under the buy-back programme that have been carried out during the above-mentioned period is attached to this report and available at www.newsweb.no.

Contact: Lotte Kvinlaug, Investor Relations Officer, +47 922 86 909

This information is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act and requirements under the EU Market Abuse Regulation.