Shareholders holding no less than 5% of number of votes at

The Management Board of Arctic Paper S.A. („the Company”) makes public the
information regarding the list of shareholders holding no less than 5% of number
of votes at the Extraordinary Shareholders Meeting (“ESM”) from 24th October
2013.

No  Shareholder  Number of   Number of   Share in number  Share in total
                 votes       votes from  of votes at ESM  number of votes at
                 registered  shares                       ESM
                 at          registered
                 ESM         at
                             ESM
1   TREBRUK      27 313 717  27 313 717  77,67%           39,42%
    AKTIEBOLAG
2   NEMUS        5 848 658   5 848 658   16,63%           8,44%
    HOLDING AB
For additional information, please contact:

Wolfgang Lübbert, CEO, tel. +49 40 51485310

This information is disclosed pursuant to Article 70 section 3 of Public
Offering Act and was submitted for publication on 24 October 2013 at 5:00 pm
CET, in reference to Arctic Paper’s current report no. 39/2013 filed with the
Warsaw Stock Exchange.

Shareholders holding no less than 5% of number of votes at the Extraordinary Shareholders Meeting of Arctic Paper S.A.