Arctic Paper S.A. — Earnings Release 2021

Feb 4, 2022

Current report number 1/2022

Dated: 4th February 2022

Subject: Publication of interim 4Q 2021 report by subsidiary company

General legal basis:

Art. 17 sec. 1 of MAR - inside information

Management Board of Arctic Paper S.A.("Company", "Issuer") herewithannounces that on 4th February 2022 the Management of the Company'ssubsidiary Rottneros AB ("Rottneros"), which is listed on NASDAQStockholm, has published the interim 4Q 2021 report with the followingparameters:

YTD 4Q 2021

MLN SEK

Revenues 2,303

EBITDA 385

Net result 198

PLN SEK

Revenues 1,036

EBITDA 173

Net result 89

EBITDA - Operating income before depreciation, amortization andimpairment charges.

Management Board of Arctic Paper S.A. indicates that above Company'ssubsidiary results will have a significant impact on Arctic PaperGroup's consolidated annual 2021 results.

Specific legal basis:

Art. 17 sec. 1 of Regulation (EU) No. 596/2014 of the EuropeanParliament and of the Council of 16 April 2014 on market abuse (marketabuse regulation) and repealing Directive 2003/6/EC of the EuropeanParliament and of the Council and Commission Directives 2003/124/EC,2003/125/EC and 2004/72/EC.