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Arctic Paper S.A.

Director's Dealing • Dec 1, 2017

5506_rns_2017-12-01_163f2b30-6268-4439-98f6-f4201f0d1822.html

Director's Dealing

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Current Report no. 18/2017

Report Date: 1 December 2017

Subject: Information about transactions in shares of Arctic Paper S.A.

General legal basis:

Article 19 Section 3 of the Market Abuse Regulation - information abouttransactions concluded by persons discharging managerialresponsibilities.

Content:

The Management Board of Arctic Paper S.A. ("Company","Issuer") herebyinforms that on November 30 2017, the Company has received from a persondischarging managerial responsibilities - Mr. Per Skoglund - a Presidentof the Management Board of Arctic Paper S.A. the notification about thetransactions relating to the Company's shares concluded on 30 November2017, referred to in article 19 section 1 of the Market Abuse Regulation.

The Company conveys the notifications as an enclosure.

Legal basis for publication:

Article 19 Section 3 of the Market Abuse Regulation - information abouttransactions concluded by persons discharging managerialresponsibilities.