The Management Board of Arctic Paper S.A. herewith informs that on the 28th of July 2015 the Company received a resolution adopted by circulation by the Supervisory Board dated 22nd July 2015 appointing Ernst & Young Audyt Polska sp. z o.o. sp.k., as Company’s auditors authorized to audit the Company’s financial statements. The Supervisory Board is the eligible body to adopt such resolution pursuant to article 15, clause 15.2, item e of the Company’s Articles of Association.
The appointment has been made according to generally applicable provisions and professional standards.
Ernst & Young Audyt Polska sp. z o.o. sp.k., seated in Warsaw (00-124), Rondo ONZ 1, has been entered on the list of chartered auditors of financial statements maintained by the National Chamber of Chartered Auditors with the number 130.
Ernst & Young Audyt Polska sp. z o.o. sp.k. shall:
1) review mid-year standalone financial statements of the Company and mid-year consolidated statements of the Arctic Paper S.A. Capital Group, as of June 30, 2015;
2) audit of annual standalone financial statements of the Company and annual consolidated statements of the Arctic Paper S.A. Capital Group for the trading year from 01 January 2015 through 31 December 2015 prepared according to MSR/MSSF principles.
The contract with the auditor will be concluded for the period necessary for the performance of the services.
The Company has already used services of the auditors to obtain audits of financial statements of Arctic Paper S.A. for years 2008-2014.
This information is disclosed pursuant to the Minister of Finance directive of February 19, 2009 on current and periodic information provided by issuers of securities, and on conditions of equivalence of information required to be provided under non-Member State law, §5, clause 1, item 19, and was submitted for publication on 29 July 2015 at 10:30 am CET, in reference to Arctic Paper’s current report no. 11/2015 filed with the Warsaw Stock Exchange
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President of the Management Board of Arctic Paper
tel. +49 405 148 5310