Arctic Paper S.A.

Shareholders Meeting 2012

The Oridinary General Shareholders Meeting will be held on June 28, 2012 in Poznań.

1. Announcement on convening the Ordinary General Shareholders Meeting of the Company Arctic Paper S.A. with its registered seat in Poznań.

2. Documentation to be presented to the Ordinary General Shareholders Meeting of the Company

3. TOTAL NUMBER OF SHARES IN ARCTIC PAPER SPÓŁKA AKCYJNA AND TOTAL NUMBER OF RELATED VOTES AS OF THE DATE OF NOTICE CONVENING THE ORDINARY GENERAL ASSEMBLY

As of June 1, 2012, i.e. on the date of convening the Ordinary General Assembly of Arctic Paper Spółka Akcyjna, the total number of shares and related votes is 55.403.500 (fifty five million four hundred three thousand five hundred).

4. Contact: wza@arcticpaper.com

5. Arctic Paper SA Supervisory Board Recommendation to Annual Shareholders Meeting