Signing by the company Arctic Paper S.A. of security documents

In reference to point 4 of current report no. 20/2016 "Conclusion by the company
Arctic Paper S.A. of material agreements related to the refinancing process",
published on 9 September 2016, and in reference to current report no. 24/2016
"Issue of series A bonds by the company Arctic Paper S.A.", published on 30
September 2016, the Management Board of Arctic Paper S.A. (the "Company")
informs you that on 3 October 2016 the Company signed the following agreements
and statements (the "Security Documents"), pursuant to which the relevant
security interests (specified below) shall be established in favour of Bank BGŻ
BNP Paribas S.A. ("BGŻ BNP Paribas") in order to secure the claims of BGŻ BNP
Paribas under the Intercreditor Agreement (relating to, among other things, the
lenders' claims under the Facilities Agreement and the claims of the bondholders
who acceded to the Intercreditor Agreement) and other claims referred to in the
Security Documents (the "Security Interests"), in connection with, among other
things, the term and revolving facilities agreement (the "Facilities Agreement")
and the intercreditor agreement (the "Intercreditor Agreement"), both signed on
9 September 2016, both referred to in current report no. 20/2016:

1. governed by Polish law – Security Documents establishing the following
Security Interests:

(i) financial and registered pledges over all of the shares, registered in
Poland, held by the Company and the Guarantors, belonging to companies from the
Company's group (except for Rottneros AB, Arctic Paper Mochenwangen GmbH and
Arctic Paper Investment GmbH), save for the Company's shares;

(ii) mortgages on all of the real properties located in Poland and belonging to
the Company or the Guarantors;

(iii) registered pledges on all Company's and Guarantors' property rights and
movable assets constituting organised part of the enterprise located in Poland
(excluding assets mentioned in the Facilities Agreement);

(iv) assignment of (existing and future) insurance policies relating to
Company's and Guarantors' assets (excluding insurance policies mentioned in the
Facilities Agreement);

(v) a statement by the Company and Guarantors on voluntary submission to
enforcement in the form of a notarial deed;

(vi) financial and registered pledges over the banks accounts, registered in
Poland, of the Company and the Guarantors;

(vii) powers of attorney for the Polish bank accounts of the Company and
Guarantors registered in Poland;

(viii) subordination of claims of the intercompany lenders (contained in the
Intercreditor Agreement).

2. governed by Swedish law – Security Documents establishing the following
Security Interests:

(i) pledges over all of the shares, registered in Poland, held by the Company
and the Guarantors, belonging to the group companies, save for the Company's
shares, as well as pledges over Rottneros' shares (excluding Rottneros' shares
free stake);

(ii) property mortgages on all real properties, belonging to the Company and the
Guarantors, located in Sweden, on condition that only the existing mortgage
deeds will be the subject of such security;

(iii) corporate mortgages granted by Guarantors incorporated in Sweden, provided
that such security shall only be granted over existing corporate mortgage
certificates;

(iv) assignment of (existing and future) insurance policies relating to
Company's and Guarantors' assets (excluding insurance policies mentioned in the
Facilities Agreement);

(v) pledges over the Swedish bank accounts of the Company and the Guarantors
registered in Sweden, on condition that such security does not restrict the
right to freely dispose of the funds deposited in said bank accounts up to the
occurrence of an event of default described in the Facilities Agreement.

At the same time, the Company wishes to inform you that in connection with the
relevant Security Documents (in particular the pledge agreements and the
statements on the establishment of a mortgage), the relevant applications will
be filed for the purpose of entering the given Security Interests in the
relevant registers (the "Applications"). The other Security Interests (those
without additional formal or registration requirements) were established
together with the signing of the Security Documents. The conclusion of the
Security Documents and the provision of proof of filing the Applications is a
condition precedent under the Facilities Agreement
For additional information, please contact:

Per Skoglund, acting President of the Management Board of Arctic Paper, tel.
+46 733 21 70 09

This information is disclosed pursuant to Art. 17 sec. 1 of Regulation (EU) No.
596/2014 of the European Parliament and of the Council of 16 April 2014 on
market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the
European Parliament and of the Council and Commission Directives 2003/124/EC,
2003/125/EC and 2004/72/ECand was submitted for publication on 4 October 2016 at
2:00 pm CET, in reference to Arctic Paper’s current report no. 25/2016 filed
with the Warsaw Stock Exchange