Arctic Paper S.A.

Report Publication Announcement • May 28, 2019

Current report number 9/2019

Dated: 28.05.2019

Subject: Resolutions concluded by the Ordinary Shareholders Meeting ofArctic Paper S.A. on 28 May 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 Ordinary Shareholders Meeting on 28 May 2019 ("OSM"). There wereno objections to any of the resolutions of the Ordinary ShareholdersMeeting. The Ordinary Shareholders Meeting did not refrain fromconsidering 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 Ordinary Shareholders Meeting of ArcticPaper S.A. on 28 May 2019 - attachment no 1 to current report 9/2019dated 28 May 2019.