Arctic Paper Grycksbo's overdraft repayment date set for this Sept. 30 and company released from obligation to maintain financial ratios, by Svenska Handelsbanken, following negotiations with banks involved in financing members of Arctic Paper's group

POZNAN, Poland , March 20, 2014 (press release) – Re: Establishment of the debt repayment date and obtaining of release Arctic Paper Grycksbo AB from the obligation to maintain financial ratios.

General legal basis:

Article 56 section 1 item 1 of the Act on Public Offering -

Confidential Information

Contents:

With reference to the information provided in the Consolidated Semi- Annual report for the period ended 30 June 2013, in particular Notes 5 to the Interim Condensed Financial Statements and current report no. 37/2013, the Management Board of Arctic Paper S.A. (the "Issuer") announces that on 19 March 2014, the Issuer and its subsidiary Arctic Paper Grycksbo AB completed the next stage of negotiations with the banks financing members of the Issuer's group.

As a result of these negotiations, Svenska Handelsbanken AB set 30 September 2014 as the overdraft repayment date in respect of Arctic Paper Grycksbo AB and released Arctic Paper Grycksbo AB from the obligation to maintain financial ratios, i.e. solidity ratio and interest coverage by 30 September 2014, as specified in the facility agreement.

Legal basis for publication:

Article 56 section 1 item 1 of the Act of 29 July 2005 on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organised Trading, and Public Companies.

* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.