Arctic Paper S.A. — AGM Information 2020

Aug 3, 2020

Current report number 11/2020

Dated: August 3rd 2020

Subject: Contents of the draft resolutions of the Ordinary ShareholdersMeeting dated August 31, 2020.

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 August 31, 2020 - attachmentno.1

Concurrently with reference to the current report, the Company providesdocuments relevant to the resolutions, which were not previouslydisclosed to the public:

1. Draft of the "Remuneration Policy for Members of the Management Boardand Supervisory Board of Arctic Paper S.A." together with ajustification - attachment no. 2.

2.Report on the activities of the Supervisory Board of Arctic Paper S.A.in 2019 - attachment no. 3.

Legal basis for publication:

Minister of Finance directive of March 29, 2018 on current and periodicinformation provided by issuers of securities, and on conditions ofequivalence of information required to be provided under non-MemberState law, §19, clause 1, item 2.