Börsiteade

Pealkiri

Notice of Convening Annual General Meeting of Shareholder of Nordic Fibreboard AS

Teade

The  Annual General Meeting  of Nordic Fibreboard  AS (registry code: 11421437,
address:  Rääma 31, Pärnu  80044, hereinafter the  Company) will  be held on the
13(th) of June 2022 at 11.00 am at the office of Nordic Fibreboard AS, Rääma 31
Pärnu.
Registration  of participants will start at the  venue of the meeting at 10:45.
Registration will end at 11:00.

The list of shareholders entitled to participate at the Annual General Meeting
will be fixed 7 (seven) days before the Annual General Meeting, i.e. on 06 June
2022, as at the end of workday of Nasdaq CSD Estonian settlement system.

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

1. Approval of the annual report of the Company for the financial year 2021

Proposal  of the Supervisory Board: To approve  the annual report of the Company
for  the financial year 2021, in accordance  with which the consolidated balance
sheet  value of the Company as at 31 December 2021 was 8,063,151.08 euro and the
net profit for the financial year was 1,201,959.99 euros.

2. Allocation of profits for the financial year 2021

Proposal  of the Supervisory  Board: To transfer  the consolidated net profit of
the Company for the financial year 2021, in the amount of 1,156,969.38 euros, to
the  profit of  previous periods  and in  the amount  of 44,990.61 euros  to the
statutory reserve capital.

3. Appointment  and remuneration  principles of  auditor for  the financial year
2022

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.

4. Approval of the principles of remuneration of the management board members

Pursuant to the Securities Market Act (§ 135(2) (11) of the Securities Market
Act) the general meeting shall vote on the principles of remuneration at least
once every four years and a resolution of the general meeting on the approval of
the principles of remuneration is advisory for the supervisory board.

Proposal of the Supervisory Board: To approve the Remuneration Principles for
the Management of Nordic Fibreboard AS.

5. Extension of the authorisation of the members of the Supervisory Board

The terms of office of the members of the Supervisory Board Trond Brekke and
Joakim Helenius expire on 18.09.2022

Proposal of the Supervisory Board: To extend the authorisation of the members of
the Group's Supervisory Trond Brekke and Joakim Helenius for 5 (five) years from
the expiry of their current terms.

As of the date of publishing of the announcement, the share capital of Nordic
Fibreboard AS is 449,906,10 euros. The company has 4,499,061 no par value shares
and each share gives one vote.

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 power of attorney issued in a format
    reproducible in writing;
 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 power of attorney issued
    in a format reproducible in writing.

A shareholder may inform the Company of the appointment of a representative or
withdrawal of the power of attorney prior to the Annual General Meeting, by
sending the corresponding 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
https://group.nordicfibreboard.com/en/investor/general-meetings. 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
Annual General Meeting, the corresponding notice must be delivered and received
by the Company at the latest by 23:59 on June 10, 2022.

All documents related to the Annual General Meeting of the Company will be
available to the shareholders on the Company´s
webpage https://group.nordicfibreboard.com/en/investor/extraordinary-general-
meeting 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 Annual General Meeting until the day of the Annual 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 Annual 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 Annual 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 Annual 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 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 Annual General Meeting.

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