Arctic Paper S.A. informed that on 9th of May 2023, a Member of the Management Board Mr. Göran Eklund resigned from the position of Member of the Company's Management Board and the Company's Financial Director with effect as of 29th of May 2023. The reason for resignation is retirement. At the same time the Management Board of Arctic Paper S.A. informs that the Supervisory Board by resolution dated 9th of May 2023 appointed with effect as of 29th of May 2023, Mrs. Katarzyna Wojtkowiak as Member of the Management Board of the Company.

She will also hold the position of Chief Financial Officer. Mrs. Katarzyna Wojtkowiak has many years of experience in positions in financial departments. She has been associated with the Arctic Paper Group for 11 years, where she was the Chief Accountant and Group Treasury.

Ms. Katarzyna Wojtkowiak graduated from the Pozna University of Economics with a specialization in Capital Investments and Corporate Financial Strategies. She is also a certified auditor and a member of the Association of Chartered Certified Accountants (ACCA).