Stora Enso Oyj - Decisions of general meeting

Stora Enso’s Annual General Meeting and decisions by the Board of Directors

STORA ENSO OYJ STOCK EXCHANGE RELEASE 27 April 2017 at 19.30 EEST
Stora Enso’s Annual General Meeting (AGM) on 27 April 2017 adopted the accounts
for 2016 and granted the Company’s Board of Directors and Chief Executive
Officer discharge from liability for the period.
Resolution on the use of the profit shown on the balance sheet and the payment
of dividend

The AGM approved the proposal by the Board of Directors that the Company
distributes a dividend of EUR 0.37 per share for the year 2016.
The dividend shall be paid to shareholders who on the record date of the
dividend payment, 2 May 2017, are recorded in the shareholders’ register
maintained by Euroclear Finland Oy or in the separate register of shareholders
maintained by Euroclear Sweden AB for Euroclear Sweden registered shares.
Dividends payable for Euroclear Sweden registered shares will be forwarded by
Euroclear Sweden AB and paid in Swedish crown. Dividends payable to ADR holders
will be forwarded by Citibank N.A. (Citi) and paid in US dollars.
The AGM approved the proposal by the Board of Directors that the dividend be
paid on or about 9 May 2017.

Members of the Board of Directors

The AGM approved the proposal that of the current members of the Board of
Directors – Anne Brunila, Jorma Eloranta, Elisabeth Fleuriot, Hock Goh, Mikael
Mäkinen, Richard Nilsson, and Hans Stråberg – be re-elected members of the Board
of Directors until the end of the following AGM and that Christiane Kuehne and
Göran Sandberg be elected new members of the Board of Directors for the same
term of office.
Remuneration

The AGM approved the proposed annual remuneration for the Board of Directors as
follows:

Chairman        EUR 170 000
Vice Chairman   EUR 100 000
Members         EUR  70 000

The AGM also approved the proposal that the members of the Board of Directors
use 40% of the above mentioned annual remuneration for purchasing Stora Enso R
shares from the market and that the purchases will be carried out within two
weeks from the AGM.

The AGM approved the proposed annual remuneration for the Board committees as
follows:
Financial and Audit Committee

Chairman   EUR 20 000
Members    EUR 14 000


Remuneration Committee

Chairman   EUR 10 000
Members    EUR  6 000

Sustainability and Ethics Committee

Chairman  EUR 10 000
Members   EUR  6 000

Auditor

The AGM approved the proposal that the current auditor Authorised Public
Accountants Deloitte & Touche Oy shall be re-elected auditor of the Company
until the end of the following AGM. The AGM approved a proposal that
remuneration for the auditor shall be paid according to invoice approved by
Financial and Audit Committee.

Amendment of the Articles of Association

The AGM approved the proposal to amend the Company’s Articles of Association so
that the shareholders’ meeting shall decide on the election of Chairman and Vice
Chairman of the Board of Directors, with the exception of a vacancy during the
term of office, in which case the Board of Directors shall have the right to
elect a new Chairman or Vice Chairman from among its members for the remaining
term of office. It was also approved to allow for the notice to the
shareholders’ meetings to be published on the Company’s website in addition to
which details on the date and location of the meeting, together with the address
of the Company’s website be published in at least two Finnish and two Swedish
newspapers, and to amend the terminology to that the reference to “Authorised
Public Accountants approved by the Finnish Central Chamber of Commerce” be
changed to “Authorised Public Accountants”.

Amendment of the Charter of the Shareholders’ Nomination Board

The AGM approved the proposal to amend the Charter of the Shareholders’
Nomination Board so that the Shareholders’ Nomination Board shall prepare and
present to the shareholders’ meeting a proposal regarding the Chairman and Vice
Chairman of the Board of Directors in connection with its proposal regarding the
members of the Board of Directors.

Decisions by the Board of Directors

At its meeting held after the AGM, the Stora Enso Board of Directors elected
from among its members Jorma Eloranta as its Chairman and Hans Stråberg as Vice
Chairman.
Richard Nilsson (chairman), Jorma Eloranta, Mikael Mäkinen and Christiane Kuehne
were elected as members of the Financial and Audit Committee.
Jorma Eloranta (chairman), Elisabeth Fleuriot and Hans Stråberg were elected as
members of the Remuneration Committee.
Anne Brunila (chairman), Hock Goh and Göran Sandberg were elected as members of
the Sustainability and Ethics Committee.

Composition of the Shareholders’ Nomination Board

Vice Chairman of the Board of Directors Hans Stråberg will start as a new member
of the Shareholders’ Nomination Board with the position ending for former
Chairman of the Board of Directors Gunnar Brock.

               For further information, please contact:
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:
Ulla Paajanen-Sainio
SVP, Investor Relations
tel. +358 40 763 8767