Current report number 25/2021

Dated: July 22nd 2021

Subject: Publication of interim 2Q 2021 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 22nd July 2021 the Management of the Company'ssubsidiary Rottneros AB ("Rottneros"), which is listed on NASDAQStockholm, has published the interim 2Q 2021 report with the followingparameters:

YTD 2Q 2021MLN PLNRevenues 507EBITDA 75Netresult 35MLN SEKRevenues 1,133EBITDA 167Netresult 79EBITDA - Operating income before depreciation,amortization and impairment charges.

Management Board of Arctic Paper S.A. indicates that above Company'ssubsidiary results will constitute a significant part of ArcticPaper Group's consolidated interim 2Q2021 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.