Arctic Paper S.A.

Director's Dealing • Mar 29, 2022

Current report no. 4/2022

Dated: March 29th 2022

Subject: Information about transactions on shares concluded by a persondischarging managerial responsibilities

General legal basis:

Art. 19 sec. 3 of MAR - information about transactions concluded bypersons discharging managerial responsibilities

Content:

Management Board of Arctic Paper S.A.("Company", "Issuer") herebyinforms that on March 29th 2022, the Company has received from a persondischarging managerial responsibilities - Mr. Michał Jarczyński - aPresident of the Management Board of Arctic Paper S.A., the notificationabout the transactions relating to the Company's shares concluded on28th and 29th of March 2022. The content of the notification is providedby the Company as the attachment.

Specific legal basis:

Art. 19 sec. 3 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.