Arctic Paper S.A.

Report Publication Announcement • Oct 24, 2018

Current report number 18/2018

Dated: 24th October 2018

Subject: Publication of interim 3Q 2018 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 October 2018 the Management of the Company'ssubsidiary Rottneros AB ("Rottneros"), which is listed on NASDAQStockholm, has published the interim 3Q 2018 report with the followingparameters:

YTD 3Q 2018MLN SEKRevenues 1.738EBITDA* 355Netresult 212

MLN PLNRevenues 722EBITDA* 147Net result 88

*) 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 3Q2018 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.