Scope Ratings GmbH has affirmed Borregaard ASA's issuer rating of A-/Stable. The same rating is assigned to the company's senior unsecured debt.

The credit rating announcement from Scope Ratings is attached.

Sarpsborg, 27 March 2025

Contact:

Director Investor Relations, Knut-Harald Bakke, +47 905 79 164

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

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