Notifications from Member of the Supervisory Board about transactions on shares in Arctic Paper S.A.

 The Management Board of Arctic Paper S.A. (“Company”) hereby notifies that on
June 5, 2014, the Company has received from Mr. Thomas Onstad, Member of the
Supervisory Board, two notifications about transactions on shares of the
Company.

In the first notifications, Mr. Thomas Onstad as an obligated person informed
the Company about transaction concluded by his indirectly controlled party Nemus
Holding AB. Nemus Holding AB sold on the June 2, 2014 the amount of 5,848,658
shares of the Company at the price 5.83 SEK (2.65 PLN) per share. The
transaction was concluded by an agreement outside the regulated market.

In the second notification, Mr. Thomas Onstad as an obligated person informed
the Company about transaction of direct purchase of shares of the Company. Mr.
Thomas Onstad purchased on the June 2, 2014 the amount of 5,848,658 shares of
the Company at the price 5.83 SEK (2.65 PLN) per share.

The original text of notification constitutes the appendix to this current
report.
For additional information, please contact:

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

This information is disclosed pursuant to the Art. 160 section 4 of the Act on
Trading and was submitted for publication on 5 June 2014 at 3:30 pm CET, in
reference to Arctic Paper’s current report no. 12/2014 filed with the Warsaw
Stock Exchange.