Extension of negotiations with the banks

In reference to the current report no. 19/2012 dated  November 6, 2012, in which
the Management Board of Arctic Paper S.A. (the “Company”) informed about the
conclusion of a material agreement and the current report no. 44/2013 dated
December 20, 2013 regarding amendment to that agreement, we hereby inform that
the negotiations between the Company and its subsidiaries, i.e. Arctic Paper
Kostrzyn S.A (“APK”), Arctic Paper Investment GmbH and Arctic Paper Mochenwangen
GmbH with the consortium of banks composed of: Bank Polska Kasa Opieki S.A., BRE
Bank S.A. and Bank Zachodni WBK S.A. (“Facility Agreement”) are still ongoing
and those regard the changes introduced by the amendment to the Facility
Agreement dated December 20, 2013 (current report no. 44/2013). The long stop
date for the end of negotiations is set to October 17, 2014.
For additional information, please contact:

Wolfgang Lübbert, President of the Management Board of Arctic Paper, tel.
+49 405 148 5310

This information is disclosed pursuant to the regulation of the Minister of
Finance directive of February 19, 2009 on current and periodic information
provided by issuers of securities, and on conditions of equivalence of
information required to be provided under non-Member State law, §3, clause 2 and
was submitted for publication on 30 September 2014 at 1:00 pm CET, in reference
to Arctic Paper’s current report no. 23/2014 filed with the Warsaw Stock
Exchange