Arctic Paper S.A.

Report Publication Announcement • Nov 9, 2018

Current report number 20/2018

Dated: November 9th 2018

Subject: Dates of periodic reports publication in 2019

General legal basis:

Offering Act, article 56, clause 1, item 2 - current and periodicinformation

Contents:

Management board of Arctic Paper S.A. herewith announces dates ofpublication of periodic reports in 2019 :

2018 annual report: 18.03.2019

Consolidated 2018 annual report: 18.03.2019

1Q2019 consolidated quarterly report: 9.05.2019

2019 semi-annual consolidated report: 20.08.2019

3Q2019 consolidated quarterly report: 8.11.2019

By this statement the Management Board of Arctic Paper S.A. confirmsthat the Company will be submitting consolidated quarterly reportscontaining quarterly financial data as required under §62 section 1 ofthe Minister of Finance Regulation of 29 March 2018 on current andperiodic information provided by the securities issuers and conditionson which information required under law applicable in a state not beinga member state may be recognised as equivalent (Journal of Laws from2018, item 757) ("Minister of Finance Regulation"). The Company will notpublish the separate individual semi-annual report in accordance with §62 section 3 of the Regulation.

The Company further confirms that, pursuant to §79 section 2 of theabove Regulation, it will not be publishing consolidated quarterlyreport for the 4-th quarter 2018 and consolidated quarterly report forthe 2-nd quarter of 2019.

Specific legal basis:

§62 section 1 section 1 and §80 section 1 of the Minister of FinanceRegulation of 29 March 2018 on current and periodic information providedby the securities issuers and conditions on which information requiredunder law applicable in a state not being a member state may berecognised as equivalent (Journal of Laws from 2018, item 757).