Arctic Paper S.A. — Major Shareholding Notification 2018

Jun 14, 2018

Current report no 14/2018

Dated: 14.06.2018

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 ("ESM") from13 June 2018.

ShareholderNEMUS HOLDING ABNumber of votes registered at OSM40111 000Number of votes from shares registered at OSM40 111 000Sharein number of votes at OSM96,55%Share in total number of votes atOSM57,89%

Legal basis for publishing of the report:

Article 70 section 3 of Public Offering Act