ARCTIC PAPER : No. 2/2018 - Convening a Meeting of the Bondholders to grant consent to obtaining additional financing for the Company

Current report number 02/2018

Dated: January 29th 2018

Subject: Convening a Meeting of the Bondholders who acceded to the intercreditor agreement to grant consent to obtaining additional financing for the Company

General legal basis: Art. 17 sec. 1 MAR - inside information

Contents:

The Management Board of Arctic Paper S.A. attaches an announcement convening for 20 February 2018 at 13:00 a meeting of the bondholders of series A bonds with ISIN code PLARTPR00038 who acceded to the intercreditor agreement of 9 September 2016 concluded between, inter alia, Arctic Paper S.A., Arctic Paper Kostrzyn S.A., Arctic Paper Grycksbo AB, Arctic Paper Munkedals AB, Bank Zachodni WBK S.A., Bank BGŻ BNP Paribas S.A., European Bank for Reconstruction and Development and Haitong Bank, S.A. Spółka Akcyjna Oddział w Polsce (the "Meeting"), which will be held in the registered office of the Issuing Agent, Haitong Bank, S.A. Spółka Akcyjna Oddział w Polsce, at ul. Złota 59, 00-120 Warszawa, Lumen entrance, 5th floor.

The purpose of the Meeting will be to vote on consent for the Company to contract financial indebtedness in the form of a term facility of up to PLN 25,820,000 to be granted by Bank Zachodni WBK S.A. and BGŻ BNP Paribas S.A. as an additional tranche under the facilities agreement of 9 September 2016, in order to finance or refinance repayment of Arctic Paper Grycksbo AB's indebtedness under a lease granted by Svenska Handelsbanken AB.

Detailed information on the agenda and subject of the Meeting's discussion may be found in the announcement convening the Meeting, which is an attachment to this current report.

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