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Arctic Paper S.A.

Report Publication Announcement • Sep 18, 2019

5506_rns_2019-09-18_8dd91137-721b-4317-b047-8c6f164f87a5.html

Report Publication Announcement

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Current report no 21/2019

Dated: 18.05.2019

Subject: Shareholders holding no less than 5% of number of votes at theExtraordinary Shareholders Meeting of Arctic Paper S.A.

General legal basis:

Article 70 section 3 of Public Offering Act

Contents:

The Management Board of Arctic Paper S.A. ("the Company") makes publicthe information regarding the list of shareholders holding no less than5% of number of votes at the Extraordinary Shareholders Meeting ("ESM")from 18 September 2019.

ShareholderNEMUS HOLDING ABNumber of votes registered at ESM40111 000Number of votes from shares registered at ESM40 111 000Sharein number of votes at ESM97,49%Share in total number of votes atESM57,89%

Legal basis for publishing of the report:

Article 70 section 3 of Public Offering Act