Arctic Paper S.A.

Report Publication Announcement • May 12, 2017

Current report number 08/2017

Dated: 12 May 2017

Subject: Convocation of the Ordinary Shareholders Meeting of ArcticPaper S.A.

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 theannouncement regarding the convocation of the Ordinary ShareholdersMeeting, which will be held on June 9, 2017, at 11 a.m. in ConcordiaDesign, Zwierzyniecka Street 3, 60-813 Poznan, 3rd floor, room:Congresia 2.

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 1.