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2009-02-13 08:00:00 CET 2009-02-13 08:00:05 CET REGULATED INFORMATION Stora Enso Oyj - Company AnnouncementStora Enso reschedules possible pulp and paper mill project at Nizhny Novgorod in RussiaSTORA ENSO OYJ STOCK EXCHANGE RELEASE 13 February 2009 at 07.00 GMT Stora Enso has decided to defer its final decision regarding the proposed pulp and paper mill project at Nizhny Novgorod in Russia to a later stage due to the weak global financial situation and near-term outlook for the forest products industry. The project is not cancelled by this decision, and various actions will be taken to facilitate possible implementation of the project in the future. Stora Enso will hold discussions with the Nizhny Novgorod regional administration in the near future to establish a new timetable for the proposed project. For further information, please contact: Jouko Karvinen, CEO, tel. +358 2046 21410 Keith B. Russell, SVP, Investor Relations, tel. +44 20 7121 0910 Ulla Paajanen-Sainio, VP, Investor Relations and Financial Communications, tel. +358 2046 21242 Previous press releases concerning the project are available at www.storaenso.com/press 23 May 2008: Stora Enso starts feasibility study for a world-class pulp and paper mill in Nizhny Novgorod region 20 December 2007: Stora Enso signs letter of intent concerning possible pulp and paper mill in Russia 17 July 2007: Stora Enso starts pre-feasibility study for a world-class pulp and paper mill in Russia www.storaenso.com www.storaenso.com/investors Stora Enso is a global paper, packaging and forest products company producing newsprint and book paper, magazine paper, fine paper, consumer board, industrial packaging and wood products. The Group has 32 000 employees and 85 production facilities in more than 35 countries worldwide, and is a publicly traded company listed in Helsinki and Stockholm. Our annual production capacity is 12.7 million tonnes of paper and board, 1.5 billion square metres of corrugated packaging and 6.9 million cubic metres of sawn wood products, including 3.2 million cubic metres of value-added products. Our sales in 2008 were EUR 11.0 billion. STORA ENSO OYJ Jari Suvanto Ulla Paajanen-Sainio |
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