Arctic Paper S.A.

Report Publication Announcement • Sep 18, 2019

Current report number 20/2019

Dated: 18.09.2019

Subject: Resolutions concluded by the Extraordinary Shareholders Meetingof Arctic Paper S.A. on 18 September 2019.

General legal basis:

Article 56 section 1 item 2 of Public Offering Act - current andperiodic information

Content:

The Management Board of Arctic Paper S.A. ("the Company") provides forpublic information, as attached, the contents of resolutions concludedby the Extraordinary Shareholders Meeting on 18 May 2019 ("ESM"). Therewere no objections to any of the resolutions of the ExtraordinaryShareholders Meeting. The Extraordinary Shareholders Meeting did notrefrain from considering any of the items of scheduled agenda.

Legal basis for publishing of the report:

Regulation of the Minister of Finance on current and periodicinformation submitted by issuers of securities and conditions ofrecognizing information required by law of a non-EU state as equivalent§ 38 section 1 items 2, 7, 8 and 9.

Attachment:

1.Resolutions concluded by the Extraordinary Shareholders Meeting ofArctic Paper S.A. on 18 September 2019 - attachment no 1 to currentreport 10/2019 dated 18 September 2019.