Arctic Paper S.A.

AGM Information • Aug 31, 2020

Current report number 12/2020

Dated: 31 August 2020

Subject: Resolutions concluded by the Ordinary Shareholders Meeting ofArctic Paper S.A. on 31 August 2020.

General legal basis:

Article 56 section 1 item 2 of Public Offering Act - current andperiodic information

Content:

The Management Board of Arctic Paper S.A. ("the Company") provides forpublic information, as attached, the contents of resolutions concludedby the Ordinary Shareholders Meeting on 31 August 2020 ("OSM"). Therewere no objections to any of the resolutions of the OrdinaryShareholders Meeting. The Ordinary Shareholders Meeting did not refrainfrom considering any of the items of scheduled agenda the and OrdinaryShareholders Meeting adopted all resolutions, the drafts of which wereput to a vote.

Attachment:

1.Resolutions concluded by the Ordinary Shareholders Meeting of ArcticPaper S.A. on 31 August 2020 - attachment no. 1 to current report12/2020 dated 31 August 2020.

2."Remuneration Policy for Members of the Management Board andSupervisory Board of Arctic Paper S.A." - attachment no. 2 to currentreport 12/2020 dated 31 August 2020.

3.Report on the activities of the Supervisory Board of Arctic Paper S.A.in 2019 - attachment no. 3 to current report 12/2020 dated 31 August2020.

Legal basis for publishing of the report:

Regulation of the Minister of Finance on current and periodicinformation submitted by issuers of securities and conditions ofrecognizing information required by law of a non-EU state as equivalent§ 19 section 1 item 6-9.