Stora Enso Oyj - Company Announcement

Stora Enso refinances its revolving credit facility

Helsinki, Finland, 2010-12-14 16:00 CET (GLOBE NEWSWIRE) -- STORA ENSO OYJ STOCK EXCHANGE RELEASE 14 December 2010 at 17.00 EET

Stora Enso has signed a new EUR 700 million committed credit facility agreement
with a syndicate of 16 banks, refinancing the existing EUR 1 400 million
facility. The new facility matures in January 2014, and will be used as a
backup for general corporate purposes. The loan has no financial covenants. The
margin is based on a ratings grid, and at the current rating of BB/Ba2 the
margin is 1.75% p.a. over Euribor. 

Bookrunners and Mandated Lead Arrangers for the transaction are BNP Paribas,
Citi, Goldman Sachs International, Nordea and The Royal Bank of Scotland PLC. 

Mandated Lead Arrangers are Banc of America Securities Limited, Barclays
Capital, Credit Agricole Corporate and Investment Bank, Deutsche Bank AG London
Branch, DnB NOR Bank ASA, Handelsbanken, HSBC Bank plc, JP Morgan plc, Pohjola
Bank plc, SEB and UBS Investment Bank. "We are pleased with the continued support and commitment of our relationship
banks. The rationale for refinancing was to take advantage of prevailing market
conditions and prolong the maturity," says Jyrki Tammivuori, SVP, Group
Treasurer. 

For further information, please contact:

Jyrki Tammivuori, SVP, Group Treasurer, tel. +358 2046 21043
Ulla Paajanen-Sainio, Head of Investor Relations, tel. +358 2046 21242

www.storaenso.com
www.storaenso.com/investors

Stora Enso is a global paper, packaging and wood products company producing
newsprint and book paper, magazine paper, fine paper, consumer board,
industrial packaging and wood products. The Group is the world leader in forest
industry sustainability. We offer our customers solutions based on renewable
raw materials. Our products provide a climate-friendly alternative to many
non-renewable materials, and have a smaller carbon footprint. Stora Enso is
listed in the Dow Jones Sustainability Index and the FTSE4Good Index. Stora
Enso employs some 27 000 people worldwide, and our sales in 2009 amounted to
EUR 8.9 billion. Stora Enso shares are listed on NASDAQ OMX Helsinki (STEAV,
STERV) and Stockholm (STE A, STE R). In addition, the shares are traded in the
USA as ADRs (SEOAY) in the International OTCQX over-the-counter market. 

STORA ENSO OYJ