CHANGES IN THE MANAGEMENT BOARD OF ARCTIC PAPER

Michał Jarczyński, CEO of Arctic Paper S.A., has submitted his resignation,
effective on 15th July 2013 of this year. Meanwhile, the Supervisory Board has
entrusted the function of acting CEO of Arctic Paper to Mr Wolfgang Lubber the
current Member of Management Board and Sales & Marketing Director. The
Supervisory Board expressed its great gratitude to Michał Jarczyński for his 15
years of work on development of the group.
Olle Grundberg commented: “We would like to thank Michał Jarczyński for 15 years
of intensive work on the development of the Arctic Paper Group. Michał
Jarczyński has been associated with the group since 1998. He was originally
employed at our plant in Kostrzyn, which under his leadership became the most
productive paper mill in our group. He also oversaw such important processes for
the growth of the group as inclusion of the Kostrzyn paper mill in the special
economic zone, construction of our own gas-fired heat and power plant in
Kostrzyn, listing of Arctic Paper on the Warsaw Stock Exchange, acquisitions and
the group’s debut on NASDAQ OMX in Stockholm. We wish him much success in his
further professional challenges.”

Michał Jarczyński, outgoing CEO of Arctic Paper S.A., said: “Arctic Paper is a
group presenting great challenges and demanding vast knowledge and commitment. I
am proud that I had the opportunity to contribute my own experience to the
company over such a long period and—together with the other members of the
management team—to build the company’s strong position on international
markets.”
For additional information, please contact:

Olle Grundberg, Chairman of Supervisory Board    +46 706 544 420

This information is disclosed pursuant to the § 5 section 1 item 21 of the
Minister of Finance Regulation of 19 February 2009 on current and periodic
information provided by the securities issuers and conditions on which
information required under law applicable in a state not being a member state
may be recognised as equivalent, and was submitted for publication on 19 June
2013 at 8:00 am CET, in reference to Arctic Paper’s current report no. 27/2013
filed with the Warsaw Stock Exchange.