Arctic Paper: Changes in the Management Board

Regulatory News:

The Management Board of Arctic Paper S.A. (STO:ARP) herewith informs that on November 27, 2013 the Company’s Supervisory Board appointed Ms. Malgorzata Majewska-Sliwa as a new Member of the Management Board effective from November 27, 2013 and Mr. Wolfgang Lübbert, acting President of the Management Board, to the position of the President of the Management Board.

Malgorzata Majewska-Sliwa has over 20 years’ experience in corporate financial management. In her career she has worked for such companies as Coca-Cola West Poland sp. z o.o. as Director of Administration and Control and Herlitz sp. z o.o. as Director of Finance and Control. In 1996–1999 she was employed at Arctic Paper Kostrzyn, where in 1997 she was CFO and a member of the management board. From 1999 to 2006 she worked at Exide Technologies S.A., serving from 2001 as Managing Director, Finance Director and CEO. In 2007 she became a partner at Centrum Finansowo-Ksiegowe Progressio.

Malgorzata Majewska-Sliwa is not involved in any activities competitive towards Arctic Paper S.A., is not a partner in any competitive company or undertaking, a member of governing bodies of any capital company or any other legal entity in competition with Arctic Paper S.A. Malgorzata Majewska-Sliwa is not entered in the register of bad debtors maintained pursuant to the act on the National Court Register.

Wolfgang Lübbert has got university education. In 1989 he graduated in national economics from the University of Hamburg. Wolfgang Luebbert joined Arctic Paper 1989. He worked several years in the position of Management Director of Arctic Paper Deutschland GmbH.

Wolfgang Lübbert is not involved in any activities competitive towards Arctic Paper S.A., is not a partner in any competitive company or undertaking, a member of governing bodies of any capital company or any other legal entity in competition with Arctic Paper S.A. Malgorzata Majewska-Sliwa is not entered in the register of bad debtors maintained pursuant to the act on the National Court Register.

This information is disclosed pursuant to the Minister of Finance directive of February 19, 2009 on current and periodic information provided by issuers of securities, and on conditions of equivalence of information required to be provided under non-Member State law, §5, clause 1, item 22, and was submitted for publication on 28 November 2013 at 2:00 pm CET, in reference to Arctic Paper’s current report no. 41/2013 filed with the Warsaw Stock Exchange.

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