Resolution of the Board of Warsaw Stock Exchange (GPW S.A.) concerning admission and introduction of series F shares to trading

The Management Board of Arctic Paper S.A. (hereinafter "Company") informs that
on 23rd May 2014 a resolution of the Board of Warsaw Stock Exchange (Giełda
Papierów Wartościowych S.A.,WSE) was received. The resolution bears number
608/2014 and is dated 23 May 2014, and concerns the admission and introduction
to stock trading on the Main Market of WSE of series F ordinary bearer shares of
the Company (hereinafter “Shares”).

The resolution stated that 13 884 283 (thirteen million eight hundred eighty
-four thousand two hundred eighty four) ordinary bearer shares of series F with
nominal value of 1 zł (one) each were admitted to trading on the main market.

The Board of WSE decided to introduce the Shares to stock trading on the
parallel market, starting on 27 May 2014 and following the standard procedure,
on condition that the National Depository for Securities (Krajowy Depozyt
Papierów Wartościowych S.A.) registers the Shares on 27 May 2014 and marks them
with the code “PLARTPR00012”.

This Resolution shall come into force on the date of adoption.
For additional information, please contact:

Wolfgang Lübbert, CEO, tel. +49 405 148 5310

This information is disclosed pursuant to the Article 56 section § 34 section 1
item 2 and item 3 of Minister of Finance regulation of February 19th, 2009,
concerning current and periodic information submitted by issuers of securities
and terms and conditions of classifying as equivalent the information required
by the law of a non-member state (Journal of Laws of 2009, no 33, item 259 as
amended) and was submitted for publication on 23 May 2014 at 1 pm CET, in
reference to Arctic Paper’s current report no. 6/2014 filed with the Warsaw
Stock Exchange.