Appointment of Auditors

| Source: Arctic Paper AB Arctic Paper AB 

The Management Board of Arctic Paper S.A. (“Company”) herewith informs that on
the 27thof April 2016 the Company’s Supervisory Board adopted a resolution
appointing Ernst & Young Audyt Polska sp. z o.o. sp.k., as Company’s auditors
authorized to audit the Company’s financial statements. The Supervisory Board is
the eligible body to adopt such resolution pursuant to article 15, clause 15.2,
item e of the Company’s Articles of Association.

The appointment has been made according to generally applicable provisions and
professional standards.

Ernst & Young Audyt Polska sp. z o.o. sp.k., seated in Warsaw (00-124), Rondo
ONZ 1, has been entered on the list of chartered auditors of financial
statements maintained by the National Chamber of Chartered Auditors with the
number 130.

Ernst & Young Audyt Polska sp. z o.o. sp.k. shall:

1) review mid-year standalone financial statements of the Company and mid-year
consolidated statements of the Arctic Paper S.A. Capital Group, as of June 30,
2016;

2) audit of annual standalone financial statements of the Company and annual
consolidated statements of the Arctic Paper S.A. Capital Group for the trading
year from 01 January 2016 through 31 December 2016 prepared according to
MSR/MSSF principles.

The contract with the auditor will be concluded for the period  necessary for
the performance of the services.

The Company has already used services of the auditors to obtain audits of
financial statements of Arctic Paper S.A. for years 2008-2015.
For additional information, please contact:

Roger Mattsson, Member of the Supervisory Board of Arctic Paper, tel. +46
(0)761 757 741

This information is disclosed pursuant to the § 5 clause 1, item 19 of the
Minister of Finance Regulation of 19 February 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 and was
submitted for publication on 28 April 2016 at 12:00 am CET, in reference to
Arctic Paper’s current report no. 7/2016 filed with the Warsaw Stock Exchange