Market announcement

Title

Notice of convening Annual General Meeting of shareholders of Nordic Fibreboard AS

Message

The Annual General Meeting of Nordic Fibreboard AS (registry code: 11421437,
address: Suur-Jõe 48, Pärnu 80042, hereinafter the Company) will be held on
the 21(th) of June 2021 at 10.am at Suur-Jõe 48,  Pärnu.

Registration of participants will start at the venue of the meeting at 09:45.
Registration will end at 10:00.

The list of shareholders entitled to participate at the General Meeting will be
fixed 7 (seven) days before the General Meeting, i.e. on 14 June 2021, as at the
end of workday of Nasdaq CSD Estonian settlement system.

Agenda of the General Meeting with the proposals of the Supervisory Board:

1. Approval of the annual report of the Company for the financial year 2020

Proposal  of the Supervisory Board: To approve  the annual report of the Company
for  the financial year 2020, in accordance  with which the consolidated balance
sheet  value of the Company as at 31 December 2020 was 7 650 369.73 euro and the
net profit for the financial year was 1 073 684.83 euros.

2. Allocation of profits for the financial year 2020

Proposal  of the Supervisory  Board: To transfer  the consolidated net profit of
the Company for the financial year 2020, in the amount of 1 073 684.83 euros, to
the profit of previous periods.

3. Appointment  and remuneration  principles of  auditor for  the financial year
2021

Proposal   of  the  Supervisory  Board:  To  appoint  AS  PricewaterhouseCoopers
(register code: 10142876; aaddress: Pärnu mnt. 15, 10141 Tallinn) as the auditor
of  the Company for the financial  year 2021. Public accounting services will be
paid for in accordance with the contract to be drawn up with the auditor.

For registration, we kindly ask the participants to submit the following
documents:

 1. shareholders who are natural persons are required to submit their identity
    document; representatives must submit a written power of attorney;
 2. the representative of a shareholder who is a legal person must submit a
    valid extract of the register where the person is registered and which
    provides the right of representation of the shareholder (legal
    representation) as well as the identity document. Representatives who are
    not legal representatives must also submit a valid written power of
    attorney.

A shareholder may inform the Company of the appointment of a representative or
withdrawal of the power of attorney prior to the General Meeting, by sending the
corresponding digitally signed notice to the e-mail address of the
Company [email protected] (mailto:[email protected])  or by
delivering the notice in a format which can be reproduced in writing to the
Company's office Rääma 31, Pärnu, Pärnu country, between 09:00 and 16:00 by
using the respective forms published on the webpage of the Company located at
http://www.nordicfibreboard.com.  Should a shareholder wish to inform the
Company about the appointment of a representative or withdrawal of the power of
attorney granted to a representative prior to the General Meeting, the
corresponding notice must be delivered and received by the Company at the latest
by 23:59 on 18 June 2021.

All documents related to the annual General Meeting of the Company (including
the notice on convening the General Meeting, the draft resolutions, the
Company's annual report 2020 and other documents to be submitted to the General
Meeting) will be available to the shareholders on the webpage of the Company
located at https://group.nordicfibreboard.com/en/investor/general-meetings/2021
 and at the Company's office at location at Rääma 31, Pärnu, Pärnu country,
during working days from 09:00 to 16:00 from the notification of convening the
General Meeting until the day of the General Meeting. Please contact us in
advance at [email protected] (mailto:[email protected])   to
request access to the documents.

All shareholders shall have the right to receive from the Management Board
information on the Company's operations at the General Meeting. The Management
Board may refuse to give information, if there is a reason to presume that this
may cause significant damage to the interests of the Company. Where the
Management Board refuses to give information, a shareholder may demand that the
legality of the shareholder's demand be decided by the General Meeting or
submit, within 2 weeks after the refusal, an application to a court in
proceedings on petition in order to obligate the Management Board to give
information.

Any questions regarding the agenda items of the General Meeting may be addressed
to the Company's e?mail address [email protected]
(mailto:[email protected])  .

Shareholders, whose shares represent at least 1/20 of the share capital of the
Company may demand the inclusion of additional items into the agenda of the
annual General Meeting, if the corresponding claim is filed in writing at least
15 days prior to the General Meeting at the e-mail
address: [email protected] (mailto:[email protected]) or to
the Company's office at Rääma 31, Pärnu, Pärnu country

Shareholders, whose shares represent at least 1/20 of the share capital of the
Company, may submit to the Company in writing a draft resolution on each agenda
item, by posting the draft to the e-mail address [email protected]
(mailto:[email protected]) or to the Company's office at Rääma 31,
Pärnu, Pärnu country. The draft must be submitted in electronic form or by e-
mail so that it would be delivered to and received by the Company no later than
3 days before the General Meeting.

Torfinn Losvik
CEO & Chairman of the Management Board
Phone: + 372 56 99 09 88
E-mail: [email protected]