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Key legal information

Key legal information for shareholders in Borregaard AS

Set out below is a summary of certain Norwegian legal issues related to shareholding in Borregaard ASA (referred to below as the "Company").

This summary does not purport to be a comprehensive description of all the legal rights and obligations that may be relevant to the shareholders in the Company and does not address legal issues regulated by other than Norwegian law.

The summary is based on applicable Norwegian laws, rules and regulations, as they exist as of the date set out below. Such laws, rules and regulations are subject to change. The summary is solely intended to provide brief introductory information and does not address all aspects that may be relevant. The information in this summary is subject to change without notice.
 
Home-state – Norway
The Company’s home-state for requirements for periodic information according to the Norwegian Securities Trading Act section 5-4, disclosure requirements of acquisitions of large shareholdings, rights to shares and voting rights section 4-2, obligations to prepare prospectus section 7-7 (4), cf. section 7-9 is Norway.

Norwegian Corporate Shareholders - tax exemption method
For Norwegian corporate shareholders the so-called tax exemption method is applicable for investment in the shares of the Company. Corporate shareholders comprise limited liability companies and certain similar entities. Norwegian shareholder refers to the tax residency and not the nationality of such shareholder.