Kostrzyn nad Odra, May 21st 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 to audit

the Company's financial statements for the financial years 2023 - 2024.

The se

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.