Arctic Paper S.A.

Report Publication Announcement • Apr 24, 2020

Current report number 6/2020

Dated: April 24th 2020

Subject: Publication of interim 1Q 2020 report by subsidiary company

General legal basis:

Art. 17 sec. 1 of MAR - inside information

Content:

Management Board of Arctic Paper S.A.("Company", "Issuer") herewithannounces that on 24th April 2020 the Management of the Company'ssubsidiary Rottneros AB ("Rottneros"), which is listed on NASDAQStockholm, has published the interim 1Q 2020 report with the followingparameters:

YTD 1Q 2020

MLN SEK

Revenues 585

EBITDA* 80

Net result 32

MLN PLN

Revenues 237

EBITDA* 32

Net result 13

*) Operating income before depreciation, amortization and impairmentcharges.

Management Board of Arctic Paper S.A. indicates that above Company'ssubsidiary results will have a significant impact on Arctic PaperGroup's consolidated interim 1Q2020 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.