The Management Board of Arctic Paper S.A. (the "Issuer"), with reference to the current report no. 3/2014 dated 20 March 2014 regarding establishment of the debt repayment date and obtaining of release from the obligation to maintain financial ratios by the Issuer’s subsidiary - Arctic Paper Grycksbo AB (“APG”), informs that in connection with the fact, that as of 30 September 2014 APG maintained the financial ratios i.e. solidity ratio and interest coverage defined by the credit facility agreement (the “Agreement”) with Svenska Handelsbanken AB (the „Bank”), parties acknowledged that the original wording of the Agreement is applicable. According to the above, the hitherto level of the financial ratios is applicable. The Agreement stipulates an indefinite payment term of the credit facility, nevertheless it is possible for the bank to terminate the Agreement if the financial ratios are not maintained as of the review date. The next review date falls as of 31 December 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 Article 56 section 1 item 1 of the Act of 29 July 2005 on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organised Trading, and Public Companies and was submitted for publication on 17 October 2014 at 11:00 am CET, in reference to Arctic Paper’s current report no. 25/2014 filed with the Warsaw Stock Exchange.
Continuation of credit facility agreement of Arctic Paper Grycksbo AB
| Source: Arctic Paper AB