Arctic Paper S.A.

Report Publication Announcement • Apr 24, 2019

Current report number 5/2019

Dated: April 24th 2019

Subject: Publication of interim 1Q 2019 report by subsidiary company

General legal basis:

Art. 17 sec. 1 of MAR - inside information

Content:

Management Board of Arctic Paper S.A.("Company", "Issuer") herewithannounces that on 24th April 2019 the Management of the Company'ssubsidiary Rottneros AB ("Rottneros"), which is listed on NASDAQStockholm, has published the interim 1Q 2019 report with the followingparameters:

YTD 1Q 2019

MLN SEKRevenues 630EBITDA* 167Net result 108

MLN PLNRevenues 260EBITDA* 69Net Result 45

*) Operating income before depreciation, amortization and impairmentcharges.

Management Board of Arctic Paper S.A. indicates that above Company'ssubsidiary results will have a significant impact on Arctic PaperGroup's consolidated interim 1Q2019 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.