Contents of the draft resolutions of the EGM dated December 21, 2015 including proposed amendments to the Company’s Articles of Association.

The Management Board of Arctic Paper S.A. („Company”) submits the contents of
the draft resolutions, which will be subject to discussion of the Extraordinary
General Meeting dated December 21, 2015.

Concurrently with reference to the current report a list of hitherto wording and
proposed amendments to the Company’s Articles of Association shall be forwarded.
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 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, §38, clause 1, item 2 and 3, and was
submitted for publication on 25 November 2015 at 11:30 am CET, in reference to
Arctic Paper’s current report no. 15/2015 filed with the Warsaw Stock Exchange