Notification from Significant Shareholder, Being Member of the Supervisory Board, About Transactions on Shares in Arctic Paper SA

Regulatory News:

The Management Board of Arctic Paper S.A. ("Company”) (STO:ARP) hereby notifies that on March 12, 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 about transactions on 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 12 March 2013 at 2:00 pm CET, in reference to Arctic Paper’s current report no. 18/2013 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 Poznan ("Arctic Paper”) hereby notifies of the change of the shares held by Mr. Thomas Onstad indirectly through the Swedish 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 March 6, 2013 Trebruk exchanged shares in Arctic Paper in the aggregate number of 726,253 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 in Arctic Paper held by Trebruk, 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 February 5, 2013 and February 26, 2013. However due to increase of Arctic Paper’s share capital, percentage of votes at the General Meeting of Arctic Paper held by Trebruk decreased.

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 item A) above, Mr. Thomas Onstad held (indirectly, through Trebruk and Nemus Holding) 47,307,351 shares in Arctic Paper, constituting 68.9998% of the share capital of Arctic Paper and representing 47,307,351 votes constituting 68.9998% of the total number of votes at the General Meeting of Arctic Paper;

3) Before settlement of the transaction referred to in item A) above, Trebruk held directly 41,450,065 shares in Arctic Paper, constituting 60.4567% of the share capital of Arctic Paper and representing 41,450,065 votes constituting 60.4567% of the total number of votes at the General Meeting of Arctic Paper;

4) After settlement of the transaction referred to in item A) above, number of shares in Arctic Paper held by Mr. Thomas Onstad remained unchanged, however due to increase of Arctic Paper’s share capital, percentage of votes at the General Meeting of Arctic Paper held by Mr. Thomas Onstad decreased. Therefore Mr. Thomas Onstad holds (indirectly, through Trebruk and Nemus Holding) 47,307,351 shares in Arctic Paper, constituting 68.2766% of the share capital of Arctic Paper and representing 47,307,351 votes constituting 68.2766% of the total number of votes at the General Meeting of Arctic Paper;

5) After settlement of the transaction referred to in item A) above, number of shares in Arctic Paper held by Trebruk remained unchanged, however due to increase of Arctic Paper’s share capital, percentage of votes at the General Meeting of Arctic Paper held by Trebruk decreased. Therefore Trebruk holds directly 41,450,065 shares in Arctic Paper, constituting 59.8230% of the share capital of Arctic Paper and representing 41,450,065 votes constituting 59.8230% of the total number of votes at the General Meeting of Arctic Paper;

6) After settlement of the transaction referred to in item A) above, number of shares in Arctic Paper held by Nemus Holding remained unchanged, however due to increase of Arctic Paper’s share capital, percentage of votes at the General Meeting of Arctic Paper held by Nemus Holding decreased. Therefore Nemus Holding holds directly 5,857,286 shares in Arctic Paper, constituting 8.4536% of the share capital of Arctic Paper and representing 5,857,286 votes constituting 8.4536% of the total number of votes at the General Meeting of Arctic Paper;

7) Except for the circumstances mentioned in items 5) and 6) 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 item A) 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

8) 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.

____________________________________

Sverker Andreasson.

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