Obtaining the release of Arctic Paper Grycksbo AB from the obligation to maintain financial ratio.

With reference to the information provided in the Consolidated Quarterly report
for the 3rd quarter 2015, in particular Notes of the Management Board report
regarding negotiations with Swedish banks, the Management Board of Arctic Paper
S.A. (the "Issuer") announces that on 28 December 2015, the Issuer’s subsidiary
Arctic Paper Grycksbo AB was released by its financing bank Svenska
Handelsbanken AB from the obligation to maintain the interest coverage ratio as
at 31 December 2015, as specified in the facility agreement.
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 Offering Act, article 56, clause 1,
item 1 – insider information, and was submitted for publication on 29 December
2015 at 2:30 pm CET, in reference to Arctic Paper’s current report no. 19/2015
filed with the Warsaw Stock Exchange