Notification from the shareholder about changes in shareholding

The Management Board of Arctic Paper S.A. (“Company”) hereby informs that on
July 10, 2015, the Company has received the notification from the shareholder -
Nemus Holding AB with its registered office in Göteborg, Sweden, controlled by
Mr. Thomas Onstad, member of the  Supervisory Board of the Company about changes
in shareholding in the Company.

The notification constitutes the appendix to this current report.
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 Art. 70 and art. 70a of the
Offering Act and was submitted for publication on 10 July 2015 at 1:00 pm CET,
in reference to Arctic Paper’s current report no. 08/2015 filed with the Warsaw
Stock Exchange.