The mutual funds managed by Nordea Funds Ltd. have passed a disclosure threshold
as specified below:

Major shareholding disclosure
	 
Aggregation date 05-01-2021

Issuer Name	BORREGAARD ASA

Issuer ISIN	NO0010657505

Disclosure threshold passed	5%

Changes due to	Disposal

Shares
	 
Total Shares Outstanding (incl. Treasury Shares) 100,000,000.00

Number of shares before event	5,006,148.00

Percentage of shares before event 5.00614%

Number of shares after event 4,983,359.00

Percentage of shares after event 4.98335%

Voting rights
	 
Total Voting Rights 100,000,000.00

Number of voting rights before event 5,098,627.00

Percentage of voting rights before event 5.09862%

Number of voting rights after event 5,075,838.00

Percentage of voting rights after event	5.07583%

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