Shareholders Holding No Less Than 5% of Number of Votes at the Ordinary Shareholders Meeting of Arctic Paper S.A.

Regulatory News:

The Management Board of Arctic Paper S.A. ("the Company”) (STO:ARP) makes public the information regarding the list of shareholders holding no less than 5% of number of votes at the Ordinary Shareholders Meeting from 26th June 2014.

No 1

Shareholder TREBRUK AKTIEBOLAG

Number of votes registered at OSM 41 105 000

Number of votes from shares registered at OSM 41 105 000

Share in number of votes at OSM 95,36%

Share in total number of votes at OSM 59,33%

This information is disclosed pursuant to the regulation of Article 70 section 3 of Public Offering Act and was submitted for publication on 26 June 2014 at 3:30 pm CET, in reference to Arctic Paper’s current report no. 15/2014 filed with the Warsaw Stock Exchange

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