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Notice to Convene the Annual General Meeting of Nordic Fibreboard AS

Teade

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
10 th of August 2020 at 9 AM at Suur-Jõe 48, Pärnu.

 The agenda of the General Meeting with the proposals of the Supervisory Board:

1. Approval of the Annual Report 2019

Proposal  of the Supervisory Board: To approve  the Annual Report of the Company
for  2019, which exposes the consolidated balance sheet value of 9 045 035 euros
as at 31.12.2019 and the net loss of the financial year of 1 398 130 euros.

2. 2019 Loss allocation proposal

Proposal  of the Supervisory Board: To transfer the consolidated net loss in the
amount of 1 398 130 euros to the loss of previous periods.

3. Appointment  and remuneration  principles of  auditor for  the financial year
2020

Proposal   of  the  Supervisory  Board:  To  appoint  AS  PricewaterhouseCoopers
(registry  code: 10142876, address: Pärnu mnt  15, 10141 Tallinn) as the auditor
of  the Company for the financial  year 2020. Public accounting services will be
paid for in accordance with the contract to be drawn up with the auditor.

The documents of Annual Report of Nordic Fibreboard AS, the proposal for profit
allocation and auditor's report to the Annual Report 2019 will be available at
the office of the Company at Rääma 31, Pärnu, starting from 10.07.2020, and on
Company's web site https://group.nordicfibreboard.com/en/investor/general-
meetings

 Information  on  the  procedure  for  exercising  the  rights  specified in the
Commercial  Code § 287, § 293 (2)  and (21) and §  293'1 (4) is published on the
website of the Company www.skano.com.

As  of the date of  publishing of the announcement,  the share capital of Nordic
Fibreboard  AS is 2,699,436.60 euros. The  company has 4,499,061 shares and each
share gives one vote.

The  date of  closing the  list of  shareholders entitled  to vote at the Annual
General  Meeting  will  be  04.08.2020, at  the  end  of  the working day of the
settlement system.

Registration of the participants in the meeting will begin at 9:45.

 To register yourself as a participant in the general meeting, please present:

A shareholder who is a sole proprietor - an identity document

A  representative  of  a  shareholder  who  is  a  sole proprietor - an identity
document and a written authorization document

A  representative of a shareholder who is  a legal person - valid certified copy
of the registry card (for legal persons in Estonia, certified no earlier than 7
days  ago),  which  entitles  the  person  to  represent the shareholder, and an
identity  document of the representative,  or an authorization document prepared
as  required and  an identity  document of  the representative. We request prior
legalization   or  apostille  certification  of  documents  of  a  legal  person
registered  in a  foreign country  unless stated  otherwise in the international
agreement. Nordic Fibreboard AS may register a shareholder who is a legal person
of  a foreign country as  a participant in the  general meeting also in case all
required  data on the  legal person and  the representative are  included in the
notarized  authorization  document  issued  to  the  representative in a foreign
country and the authorization document is acceptable in Estonia.

If a shareholder has deposited his/her shares on a nominee account, a respective
certificate  issued by the account  administrator shall be submitted, certifying
the right of ownership of the shares as of 04.08.2020

 Please present your passport or identity card as an identification document.

A  shareholder may notify the Company of  the appointment of a representative or
withdrawal  of  authorization  by  a  representative  by  submitting  respective
information  to the  Management Board  of Nordic  Fibreboard AS  (in a digitally
signed  format  which  can  be  reproduced  in  writing  on the following e-mail
address:  [email protected],  or  in  writing  by post: Nordic
Fibreboard  AS,  Suur-Jõe  48, Pärnu,  Estonia)  no  later  than  on 04.08.2020
(inclusive).

All relevant Questions can be sent prior to the Annual General meeting at
[email protected]

For  the appointment  of a  representative or  withdrawal of  authorization by a
representative,  a shareholder  may use  the forms  available on  the website of
Nordic Fibreboard AS www.nordicfibreboard.com

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