Kostrzyn nad Odra, April 4th 2024
Statement of the Supervisory Board of Arctic Paper S.A. on selection of an audit firm conducting an
audit of the financial statements
On 22 February 2023, the Supervisory Board of Arctic Paper S.A., by way of resolution, selected audit
firm PricewaterhouseCoopers Polska Spółka z ograniczoną odpowiedzialnością Audyt Sp.k.to audit
the Company's financial statements for the financial years 2023 - 2024.
The selection of the audit firm by the Supervisory Board was based on the Audit Committee’s
recommendation. The Audit Committee’s recommendation was made pursuant to the selection
procedure in line with the “Policy and procedure of selecting an audit firm to conduct a statutory and
voluntary audit of consolidated and separate financial statements of Arctic Paper S.A. with its
registered office in Kostrzyn nad Odrą”.
Audit firm PricewaterhouseCoopers Polska Spółka z ograniczoną odpowiedzialnością Audyt Sp.k.,
entities related to this audit firm, and members of a network of the audit firm did not provide
permitted non-audit services for the issuer during the audited period.
The audit firm and members of the audit team complied with the criteria to issue an impartial and
independent report on the audit of the annual consolidated financial statements of the Company for
the financial year ended on 31 December 2023, in compliance with the applicable laws, professional
standards, and the principles of professional conduct.
Furthermore, the Supervisory Board informs that the applicable laws with regard to a change of the
audit firm and the key statutory auditor, as well as mandatory periods of grace have been complied
with. The Arctic Paper Group has a policy of selecting an audit firm and a policy of rendering services
for the Group by an audit firm, an entity related to the audit firm, or a member of its network, that
are non-audit services, including services released from the prohibition of the provision of services by
an audit firm.
The above statement of the Supervisory Board of Arctic Paper S.A. was issued based on the
recommendation of the Audit Committee of Arctic Paper S.A. expressed in Resolution No.
01/03/2024 of March 28th, 2024.
Chairman of the Supervisory Board of Arctic Paper S.A.
Per Lundeen
