Notification from significant shareholder, being member of the Supervisory Board, on acquisition of shares in Arctic Paper SA

The Management Board of Arctic Paper S.A. (“Company”) hereby notifies that on January 17, 2013, the Company has received the notification from Mr. Thomas Onstad, member of the Company’s Supervisory Board, being indirectly the shareholder of the Company (through the Swedish law companies – Nemus Holding AB with its registered office in Göteborg, Sweden, and Trebruk AB with its registered office in Göteborg, Sweden), notification on acquisition of shares in the Company.

The notification constitutes the appendix to this current report.

Arctic Paper S.A.

For additional information, please contact:

Olle Grundberg, chairman of the supervisory board of Arctic Paper, tel. +46 70 654 44 20

This information is disclosed pursuant to the Art. 70 and art. 70a of the Offering Act and art. 160 section 4 of the Act on Trading, and was submitted for publication on 17 January 2013 at 2:30 pm CET, in reference to Arctic Paper’s current report no. 4/2013 filed with the Warsaw Stock Exchange.

Appendix

NOTIFICATION

regarding the change of the number of the shares held indirectly in Arctic Paper S.A.

Dear Sirs,

Nemus Holding AB with its registered office in Göteborg, Sweden, (hereinafter referred to as “Nemus Holding”) acting in its own name as well as on behalf of Mr. Thomas Onstad (“Thomas Onstad”), a supervisory board member of Arctic Paper S.A. with its registered office in Poznań (“Arctic Paper”) hereby notifies of the change of the shares held by Mr. Thomas Onstad indirectly through the Swedish law companies controlled by Mr. Thomas Onstad - Trebruk, AB with its registered office in Göteborg, Sweden, (hereinafter referred to as “Trebruk”) and Trebruk’s direct parent entity Nemus Holding:

A)    On January 10, 2013 Trebruk exchanged shares in Arctic Paper in the aggregate number of 283,947 shares in Arctic Paper (registered under the ISIN No PLARTPR00012) for the same number of newly issued series F shares in Arctic Paper; The transaction had no effect with respect to the number of the shares and percentage of votes at the General Meeting of Arctic Paper held by Trebuk; as a result of the settlement of the public tender offer for shares in Rottneros AB with its registered office in Stockholm, Sweden (“Rottneros”) announced by Arctic Paper in accordance with Swedish law and Prospectus Directive 2003/71/EC as amended and conducted between December 13, 2013 and January 2, 2013;

B)    Trebruk sold 1,414 shares in Arctic Paper through regular market transactions made between December 20, 2012 and January 10, 2013, which constitutes 0.0021% of Arctic Paper’s shares; and

C)    Nemus Holding, purchased 24,615 shares in Arctic Paper through regular market transactions made between December 20, 2012 and January 10, 2013, which constitutes 0.0371% of Arctic Paper’s shares.

We would also like to inform you that:

1)     The newly issued series F shares have not been admitted and introduced into trading on the stock exchange market run by the Warsaw Stock Exchange S.A. (“WSE”) or NASDAQ OMX Stockholm (“OMX”);

2)     Before settlement of the transaction referred to in items A), B) and C) above, Mr. Thomas Onstad held (indirectly, through Trebruk and Nemus Holding) 47,365,650 shares in Arctic Paper, constituting 71.6094% of the share capital of Arctic Paper and representing 47,365,650 votes, constituting 71.6094% of the total number of votes at the General Meeting of Arctic Paper;

3)     Before settlement of the transaction referred to in item B) above, Trebruk held directly 41,532,979 shares in Arctic Paper, constituting 62.7913% of the share capital of Arctic Paper and representing 41,532,979 votes constituting 62.7913% of the total number of votes at the General Meeting of Arctic Paper;

4)     Before settlement of the transaction referred to in item C) above, Nemus Holding held directly 5,832,671 shares in Arctic Paper, constituting 8.8181% of the share capital of Arctic Paper and representing 5,832,671 votes, constituting 8.8181% of the total number of votes at the General Meeting of Arctic Paper;

5)     After settlement of the transaction referred to in items A), B) and C) above, Mr. Thomas Onstad holds (indirectly, through Trebruk and Nemus Holding) 47,388,851 shares in Arctic Paper, constituting 71,3382% of the share capital of Arctic Paper and representing 47,388,851 votes constituting 71,3382% of the total number of votes at the General Meeting of Arctic Paper;

6)     After settlement of the transaction referred to in item B) above, Trebruk holds directly 41,531,565 shares in Arctic Paper, constituting 62.5208% of the share capital of Arctic Paper and representing 41,531,565 votes constituting 62.5208% of the total number of votes at the General Meeting of Arctic Paper;

7)     After settlement of the transaction referred to in item C) above, Nemus Holding holds directly 5,857,286 shares in Arctic Paper, constituting 8.8174% of the share capital of Arctic Paper and representing 5,857,286 votes constituting 8.8174% of the total number of votes at the General Meeting of Arctic Paper;

8)     Except for the circumstances mentioned in items 6) and 7) above, none of Mr. Thomas Onstad’s controlled entities holds any share in Arctic Paper, and, except for the circumstances mentioned above, as a result of the transaction referred to in items A), B) and C) above, they have neither increased nor reduced their share in the share capital of Arctic Paper or the number of votes at the General Meeting of Arctic Paper; and

9)     Neither Mr. Thomas Onstad, Nemus Holding nor Trebruk and/or Arctic Paper concluded agreements with third parties, whose subject would be the transfer of the right to exercise voting rights attached to other shares of Arctic Paper.

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