Stora Enso Oyj - Other information disclosed according to the rules of the Exchange

Stora Enso refinances its revolving credit facility

STORA ENSO OYJ STOCK EXCHANGE RELEASE 12 December 2017 at 16.00 EET
Stora Enso has today signed a new EUR 600 million revolving credit facility
agreement with a syndicate of 13 banks to refinance its existing EUR 700 million
facility. The new facility matures in January 2023 and will be used as a backup
for general corporate purposes. The loan has no financial covenants.

BNP Paribas, Citi and SEB acted as Coordinators, Bookrunners and Mandated Lead
Arrangers for the facility, while Barclays Bank PLC, Crédit Agricole Corporate
and Investment Bank, Deutsche Bank, DBS Bank Ltd, London Branch, DNB Bank ASA,
Goldman Sachs, J.P. Morgan Securities plc, National Westminster Bank PLC, Nordea
Bank AB (publ) and OP joined in syndication as Mandated Lead Arrangers.

“We are pleased with the continued support and commitment of our relationship
banks. Improving the terms of the facility and extending maturity even longer
adds flexibility during Stora Enso’s transformation,” says Group Treasurer
Martin Ros.

For further information, please contact:
Martin Ros, SVP, Group Treasurer, tel. +46 1046 71078

Investor enquiries:
Ulla Paajanen-Sainio, SVP, Investor Relations, tel. +358 40 763 8767

Stora Enso is a leading provider of renewable solutions in packaging,
biomaterials, wooden constructions and paper on global markets. Our aim is to
replace fossil-based materials by innovating and developing new products and
services based on wood and other renewable materials. We employ some 25 000
people in more than 35 countries, and our sales in 2016 were EUR 9.8 billion.
Stora Enso shares are listed on Nasdaq Helsinki (STEAV, STERV) and Nasdaq
Stockholm (STE A, STE R). In addition, the shares are traded in the USA as ADRs
(SEOAY). storaenso.com (http://www.storaenso.com/)

STORA ENSO OYJ
For further information, please contact:
Martin Ros
SVP, Group Treasurer
tel. +46 1046 71078

Investor enquiries:
Ulla Paajanen-Sainio
SVP, Investor Relations
tel. +358 40 763 8767