Arctic Paper S.A.

Board/Management Information • Aug 10, 2023

Current report no. 15/2023

Date: 9th of August 2023

Subject: Changes in the Management Board of Arctic Paper SA

General legal basis:

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

The Management Board of Arctic Paper S.A. ("the Company") herewithinforms that the Company's Supervisory Board by resolution dated 9th ofAugust 2023 appointed with effect as of 14th of August 2023, Mr. FabianLangenskiöld as Member of the Management Board of the Company.

Mr. Fabian Langenskiöld joined Arctic Paper in 2019. He holds theposition of Executive Vice President of Sales _amp; Marketing at ArcticPaper. Mr. Langenskiöld was granted the title of Master of Science inEconomics from the Hanken School of Economics in Helsinki, Finland.

Mr. Langenskiöld has many years of experience in the paper industrysales process and has held key positions at companies such as Stora Ensoand Shandong Chenming Paper Holdings.

Mr. Langenskiöld is not involved in any activities competitive towardsArctic Paper S.A., is not a partner in any competitive company orundertaking, a member of governing bodies of any capital company or anyother legal entity in competition with Arctic Paper S.A. Mr.Langenskiöld is not entered in the National Register of Debtors keptpursuant to the Act on the National Register of Debtors.

Specific legal basis:

§ 5 item 4 and 5 of the Regulation of the Minister of Finance of 29March 2018 concerning current and periodical information published byissuers of securities and terms of recognizing as equivalent informationrequired by laws of a non-Member State (Journal of Laws 2018 item 757).