Arctic Paper S.A.

Report Publication Announcement • May 12, 2017

Current report number 09/2017

Dated: 12 May 2017

Subject: Contents of the draft resolutions of the Ordinary ShareholdersMeeting dated June 9, 2016.

General legal basis:

Offering Act, article 56 clause 1 item 2 - current and periodicinformation

Contents:

The Management Board of Arctic Paper S.A. ("Company") submits thecontents of the draft resolutions, which will be subject to discussionof the Ordinary Shareholders Meeting dated June 9, 2017.

Legal basis for publication:

Minister of Finance directive of February 19, 2009 on current andperiodic information provided by issuers of securities, and onconditions of equivalence of information required to be provided undernon-Member State law, §38, clause 1, item 2 and 3.

Attachment:

1.Draft resolutions of Ordinary Shareholders Meeting of Arctic PaperS.A. convened for June 9, 2017 - attachment no. 1 to current report09/2017 dated May 12, 2017.