Confirmation of the release of security interests under the credit facility agreement

In reference to current reports nos. 9/2016, 20/2016 and 27/2016 the management
board of Arctic Paper S.A. (the "Company") informs investors that on 28 October
2016 the Company and Arctic Paper Kostrzyn S.A. (the "Borrower") received
documents confirming the release of security interests that have expired in
connection with the repayment by the Borrower of the indebtedness under the
credit facility agreement for a facility in the amount of PLN 359,000,000 (in
words: three hundred and fifty nine million zlotys) dated 6 November 2012, as
subsequently amended, amended and restated and most recently amended by
amendment agreement no. 7 dated 15 December 2015, entered into between Bank
Polska Kasa Opieki S.A. ("Pekao") as security agent and lender, Bank Zachodni
WBK S.A. ("BZ WBK") as lender and mBank S.A. ("mBank") as lender, and the
Borrower and Arctic Paper Mochenwangen GmbH and Arctic Paper Investment GmbH as
guarantors, and the Company as joint and several debtor with the Borrower and as
the obligors' agent, under which Pekao, BZ WBK and mBank made available to the
Borrower a multicurrency term loan facility and an overdraft facility on the
terms set out in the facility agreement (the "Facility Agreement").

The Company informs investors that it has received from the Banks documents
confirming the release of all of the security interests related to the Facility
Agreement in connection with the repayment thereof, i.e. (a) the security
interests governed by Polish law comprising statements on submission to
execution, mortgages over the Borrower's real properties, registered pledges
over the Guarantors' and the Borrower's bank accounts, powers of attorney to the
Borrower's bank accounts, registered pledges over the Borrower's shares,
financial pledges over the Company's bank accounts, security assignments of
claims under insurance policies and intercompany loans, loan subordination
agreements, and also (b) the security interests governed by German law
comprising pledges over the Guarantors' shares, pledges over the Guarantor's and
the Borrower's bank accounts, a land charge over the real properties of Arctic
Paper Mochenwangen GmbH, security assignment of claims under the insurance
policies, security assignment of machines and loans subordination agreement.

The Company has informed investors about the establishment of the security
interests in connection with the Facility Agreement in current report no.
19/2012 dated 6 November 2012 and current report no. 27/2012 dated 23 November
2012 and current report 29/2012 dated 28 November 2012.
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 28 October 2016
at 3:30 pm CET, in reference to Arctic Paper’s current report no. 28/2016 filed
with the Warsaw Stock Exchange