Arctic Paper: Creation of Provision for Receivables

Regulatory News:

Arctic Paper S.A.: (STO:ARP)

In reference to the information about placing some companies from PaperlinX Limited Group into voluntary administration and having analyzed the liabilities of PaperlinX towards Arctic Paper mills, on the 8th of April 2015 The Management Board of Arctic Paper S.A. ("Company”) has taken a decision to create a provision for receivables from PaperlinX UK in the amount of PLN 15,3 million (EUR 3,7 million).

The voluntary administration regard the following companies with their seats in UK: Howard Smith Paper Group Ltd, The Paper Company, Robert Horne Group Ltd, Reel Paper, Webco Trading and Conversion Company Ltd (all further addressed as ”PaperlinX UK”). These companies are business partners to the Arctic Paper mills, i.e. Arctic Paper Kostrzyn, Grycksbo, Munkedals and Mochenwangen ("Arctic Paper mills”).

The creation of provision is resulting from the stipulated lack of payment of receivables from PaperlinX UK to Arctic Paper mills. The total debt arising from cooperation with PaperlinX UK amounts EUR 3,7 million. The provision will be created as of 31.03.2015.

The above provision will decrease the result of consolidated income statement and balance sheet total in consolidated accounts for 01.01.2015-31.03.2015.

This information is disclosed pursuant to the Offering Act, article 56, clause 1, item 1 – insider information, and was submitted for publication on 8 April 2015 at 6:30 pm CET, in reference to Arctic Paper’s current report no. 2/2015 filed with the Warsaw Stock Exchange

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