Arctic Paper S.A.

Report Publication Announcement • Feb 2, 2023

Current report number 1/2023

Dated: 2nd February 2023

Subject: Publication of interim 4Q 2022 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 2nd February 2023 the Management of the Company'ssubsidiary Rottneros AB ("Rottneros"), which is listed on NASDAQStockholm, has published the interim 4Q 2022 report with the followingparameters:

YTD 4Q 2022

MLN SEK

Revenues 2,980

EBITDA 691

Net result 565

MLN PLN

Revenues 1,314

EBITDA 305

Net result 249

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 2022 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.