Arctic Paper S.A.

Report Publication Announcement • Oct 27, 2022

Current report number 16/2022

Dated: 27th October 2022

Subject: Publication of interim 3Q 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 27th October 2022 the Management of the Company'ssubsidiary Rottneros AB ("Rottneros"), which is listed on NASDAQStockholm, has published the interim 3Q 2022 report with the followingparameters:

YTD 3Q 2022

MLN SEK

Revenues 2,250

EBITDA 660

Net result 556

MLN PLN

Revenues 999

EBITDA 293

Net result 247

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 interim 3Q2022 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.