Arctic Paper S.A.

Report Publication Announcement • Feb 1, 2024

Current report number 1/2024

Dated: 1st February 2024

Subject: Publication of interim 4Q 2023 report by subsidiary company

General legal basis:

Art. 17 sec. 1 of MAR - inside information

Management Board of Arctic Paper S.A.("Company", "Issuer") herewithannounces that on 1st of February 2024 the Management of the Company'ssubsidiary Rottneros AB ("Rottneros"), which is listed on NASDAQStockholm, has published the interim 4Q 2023 report with the followingparameters:

YTD 4Q 2023

MLN SEK

Revenues 2.755

EBITDA 252

Net result 121

MLN PLN

Revenues 1.092

EBITDA 100

Net result 48

EBITDA - Operating income before depreciation, amortization andimpairment charges.

Management Board of Arctic Paper S.A. indicates that above Company'ssubsidiary results will have a significant impact on Arctic PaperGroup's consolidated annual 2023 results.

Specific legal basis:

Art. 17 sec. 1 of Regulation (EU) No. 596/2014 of the EuropeanParliament and of the Council of 16 April 2014 on market abuse (marketabuse regulation) and repealing Directive 2003/6/EC of the EuropeanParliament and of the Council and Commission Directives 2003/124/EC,2003/125/EC and 2004/72/EC.