Arctic Paper S.A.

Report Publication Announcement • Jun 14, 2018

Current report number 15/2018

Dated: June 14th 2018

Subject: Ordinary Shareholders Meeting resolution on payment of dividend

General legal basis: Article 56 section 1 item 2 of Public Offering Act- current and periodic information

Content:

the Management Board of Arctic Paper S.A. (the "Company") hereby informsthat on 13th of June 2018 the Company's Ordinary Shareholders Meetingadopted a resolution on the payment of a dividend to the Company'sshareholders from the net profits from past years accumulated on theother reserves in the amount of 13,857,556.60 PLN (in words thirteenmillion eight hundred and fifty seven thousand five hundred andfifty-six zloty 60/100). Dividend per share will amount PLN 0,20(inwords: twenty groszy).

Ordinary Shareholders Meeting set a dividend day on 20th of June 2018and dividend payment date on 27th of June 2018.

Specific legal basis:

§ 19 section 2 of the Minister of Finance Regulation of 29 March 2018 oncurrent and periodic information provided by the securities issuers andconditions on which information required under law applicable in a statenot being a member state may be recognised as equivalent.