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Regulatory press release

Borgestad ASA: Mandatory notification of trade

Borgestad
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.
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