Borgestad ASA: Mandatory notification of trade

Pål Feen Larsen, a primary insider in Borgestad ASA (the "Company"), has today acquired shares in the Company as further specified in the attached notification form. For further information, please contact: Pål Feen Larsen, CEO of Borgestad ASA Tel.: +47 48 84 53 33 This information is subject to the disclosure requirements pursuant to article 19 of Regulation EU 596/2014 (MAR) and section 5-12 of the Norwegian Securities Trading Act. About Borgestad I www.borgestad.no Borgestad ASA (OSE:BOR) is an investment company focused on real estate and industry. The key investments include Agora Bytom shopping center and the leading refractory manufacturer Höganäs Borgestad. About Höganäs Borgestad I www.hoganasborgestad.com Höganäs Borgestad develops, manufactures and delivers refractory products, installations and turnkey solutions that enhance the productivity and competitiveness of industrial customers. The aim is to contribute to the customers' profitability by providing high-value refractory solutions to their challenges. Today, the company is a leading supplier in the refractory market of the Nordic countries.