Recommendation of the Arctic Paper’s Management Board on 2012 dividend payment.

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| Source: Arctic Paper AB
The Management Board of Arctic Paper S.A (“Company”) hereby informs that it will
recommend to the General Shareholders Meeting of Arctic Paper S.A. payment of
dividend for the year 2012.

The motion of the Management Board regarding the dividend payment to the
shareholders for 2012 along with the respective proposal on the profit
distribution for 2012, considering: the amount of dividend per share, suggested
dividend date and dividend payment date; will be submitted for review to the
Supervisory Board pursuant to article 382 §3 of the Commercial Companies Code,
after the final verification of financial data for 2012 by the auditors. The
intention of the Management Board of the Company is to recommend the payment of
dividend of PLN 0.15 per share.

Arctic Paper S.A.

For additional information, please contact:

Michał Jarczyński, President of the Management Board of Arctic Paper, tel.
+48 61 62 62 000

This information is disclosed pursuant to the art. 1 of the Offering Act and was
submitted for publication on 12 March 2013 at 8:40 am CET, in reference to
Arctic Paper’s current report no. 17/2013 filed with the Warsaw Stock Exchange.