Arctic Paper S.A.

Report Publication Announcement • Jul 26, 2018

Current report number 17/2018

Dated: 26th July 2018

Subject: Publication of interim 2Q 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 26th July 2018 the Management of the Company'ssubsidiary Rottneros AB ("Rottneros"), which is listed on NASDAQStockholm, has published the interim 2Q 2018 report with the followingparameters:

YTD 2Q 2018MLN SEKRevenues 1.137EBITDA* 219Netresult 130

MLN PLNRevenues 473EBITDA*) 91Net Result 54

*) 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 2Q2018 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.