Stora Enso Oyj - Company Announcement

Stora Enso s non-recurring items in second quarter 2007

Stora Enso Oyj Stock Exchange Release 13 July 2007 at 06.00 GMT

Stora Enso will record two non-recurring items with a total positive
net effect of EUR 12.8 million on operating profit in its second
quarter 2007 results. The non-recurring items had a positive tax
impact of EUR 6.0 million and increased earnings per share by EUR
0.02. The non-recurring items are:
-          A capital gain, net of provisions, of EUR 24.4 million
from the sale of warehouses and office properties in Sweden and
Denmark by Stora Enso's Papyrus paper merchant. The cash proceeds,
net of provisions, were EUR 50 million.
-          A non-cash actuarial valuation adjustment of USD -14.6
(EUR -11.6) million related to the previously announced non-recurring
gain of USD 57.7 (EUR 44.0) million in the first quarter of 2007 due
to labour agreements in the USA. The adjustment arises from pension
and retiree health actuarial valuations and severance costs related
to the last group of contract settlements for the maintenance groups.

Net impacts on operating profit by segment are:

Publication Paper          EUR -3.0 million
Fine Paper and Merchants         EUR 19.2 million
Packaging Boards         EUR -1.0 million
Other                EUR -2.4 million
Total                 EUR 12.8 million

The Group's financial results for the second quarter of 2007 will be
announced on 26 July 2007 at 13.00 Finnish time (12.00 CET).

For further information, please contact:
Hannu Ryöppönen, CFO, tel. +44 20 7016 3114
Keith B Russell, Senior Vice President, Investor Relations, tel. +44
7775 788659
Ulla Paajanen-Sainio, VP, Investor Relations and Financial
Communications,
tel. +358 40 763 8767

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

STORA ENSO OYJ


p.p.       Leena Bergqvist            Jukka Marttila