Current report number 9/2020

Dated: July 23rd 2020

Subject: Publication of interim 2Q 2020 report by subsidiary company

General legal basis:

Art. 17 sec. 1 of MAR - inside information

Content:

Management Board of Arctic Paper S.A.("Company", "Issuer") herewithannounces that on 23rd July 2020 the Management of the Company'ssubsidiary Rottneros AB ("Rottneros"), which is listed on NASDAQStockholm, has published the interim 2Q 2020 report with the followingparameters:

YTD 2Q 2020

MLN SEK

Revenues 1,095

EBITDA* 111

Net result 29

MLN PLN

Revenues 453

EBITDA* 46

Net result 12

*) Operating income before depreciation, amortization and impairmentcharges.

Management Board of Arctic Paper S.A. indicates that above Company'ssubsidiary results will constitute a significant part of Arctic PaperGroup's consolidated interim 2Q2020 results.

Specific legal basis:

Art. 17 sec. 1 of Regulation (EU) No. 596/2014 of the EuropeanParliament and of the Council of 16 April 2014 on market abuse (marketabuse regulation) and repealing Directive 2003/6/EC of the EuropeanParliament and of the Council and Commission Directives 2003/124/EC,2003/125/EC and 2004/72/EC.