Consolidated version of the Arctic Paper S.A. Articles of Association


The Management Board of Arctic Paper S.A. (“Company”) hereby informs that on the
27thof April 2016  has been adopted by the Company’s Supervisory Board the
consolidated version of the Company’s Articles of Association, which
incorporates the amendments adopted by resolution No. 3/2015 of the
Extraordinary Shareholder Meeting on 21 December 2016 on amendments to the
Company’s Articles of Association and registered by the National Court Register
on 15thof February 2016(current report no.06/2016 of 16 February 2016).

The consolidated version of the Company’s Articles of Association forms an
attachment to this report.
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 §38, clause 1, item 2 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 and was submitted
for publication on 28 April 2016 at 12:00 am CET, in reference to Arctic Paper’s
current report no. 8/2016 filed with the Warsaw Stock Exchange.

Attachments

04287085.pdf