Arctic Paper S.A.

Report Publication Announcement • Aug 16, 2017

Current report number 13/2017Dated: August 16th 2017

Subject: Publication of interim 2Q 2017 report by subsidiary company

General legal basis:Art. 17 sec. 1 of MAR - inside informationContent:

Management Board of Arctic Paper S.A.("Company", "Issuer") herewithannounces that on 16th August 2017 the Management of the Company'ssubsidiary Rottneros AB("Rottneros"), which is listed on NASDAQStockholm, has published the interim 2Q 2017 report with the followingparameters:

YTD 2Q 2017 MLN SEK MLN PLN

MLN SEKRevenues 944EBITDA*) 160Net result   92

MLN PLNRevenues 420EBITDA*) 71Net result 41

*) 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 2Q2017 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.