Arctic Paper S.A.

Declaration of Voting Results & Voting Rights Announcements • Jun 22, 2022

Current report no. 11/2022

Dated: 22nd June 2022

Subject: Shareholders holding no less than 5% of number of votes at theOrdinary Shareholders Meeting of Arctic Paper S.A.

General legal basis:

Article 70 section 3 of Public Offering Act

Contents:

The Management Board of Arctic Paper S.A. ("the Company") makes publicthe information regarding the list of shareholders holding no less than5% of number of votes at the Ordinary Shareholders Meeting ("OSM") from22 June 2022.

Shareholder

NEMUS HOLDING AB

Number of votes registered at OSM

40 366 449

Number of votes from shares registered at OSM

40 366 449

Share in number of votes at OSM

98,69%

Share in total number of votes in the Company

58,26%

Legal basis for publishing of the report:

Article 70 section 3 of Public Offering Act