2007-07-17 08:30:39 CEST

2007-07-17 08:30:39 CEST


REGULATED INFORMATION

English
Stora Enso Oyj - Company Announcement

Stora Enso starts pre-feasibility study for a world-class pulp and paper mill in Russia


Stora Enso Oyj Stock Exchange Release 17 July 2007 at 06.30 GMT

Stora Enso has decided to start a pre-feasibility study for a pulp
and paper mill complex in Nizhny Novgorod, Russia which will be
undertaken in close co-operation with the Russian government. The
objective is to manufacture paper for Russian consumers from Russian
wood - in Russia."Russia is a key growth market for Stora Enso. We have already
invested over EUR 300 million in establishing sawmills, corrugated
packaging board mills and forest assets in the country. Now we are
actively looking into taking the next step, encouraged by good
experience with our existing operations in Russia and our unique
expertise in all areas from forest management and wood harvesting to
chemical pulping and paper manufacturing - many of these capabilities
already existing in Russia. We will work closely with the federal
ministerial levels and Nizhny Novgorod regional government to
establish right investment conditions as regards infrastructure for
logistics, forest rights and taxation in relation to the project,"
says CEO Jouko Karvinen.

If the results of pre-feasibility and complete feasibility studies
are favourable, the Stora Enso Board of Directors will then consider
any proposed investment decision.


For further information, please contact:
Jouko Karvinen, CEO, tel. +44 20 7016 3120
Hannu Ryöppönen, Deputy CEO, tel. +44 207 016 3114
Markku Pentikäinen, EVP, Corporate Technology, Asia Pacific and
Russia, tel. +358 400 498531
Kari Vainio, EVP, Corporate Communications, tel. +44 7799 348 197
Keith B. Russell, SVP, Investor Relations, tel. +44 7775 788 659

Previous press releases concerning Stora Enso's recent major projects
in Russia are available at www.storaenso.com/press

-          7 March 2007: Stora Enso expands its corrugated packaging
business in Eastern Europe and Russia
-          24 May 2006: Stora Enso expands its corrugated packaging
business in Russia

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


STORA ENSO OYJ


p.p.       Jussi Siitonen                 Jukka Marttila