Continuation of credit facility agreement of Arctic Paper Grycksbo AB

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.