Stora Enso Oyj - Company Announcement

Stora Enso divests its ownership in IL Recycling

Stora Enso has signed an agreement to divest its 33.33% ownership in the
Swedish recycled materials company IL Recycling AB to Stena Metall AB, a
Swedish recycling company. The consideration for the divestment of shares is
approximately SEK 236 million (EUR 26 million), subject to customary closing
day adjustments. 

Helsinki, Finland, 2016-04-08 11:00 CEST (GLOBE NEWSWIRE) -- STORA ENSO OYJ
STOCK EXCHANGE RELEASE 8 April 2016 at 12.00 EET 

Stora Enso will record a capital gain of approximately EUR 16 million related
to the transaction as a positive non-recurring item in Division Paper at
closing of the transaction. The closing is subject to approval by competition
authorities. The transaction will not have material impact on Stora Enso’s
operational EBIT going forward. 

Stora Enso’s need for paper for recycling in Sweden has decreased during the
past years, and needed volumes can be sourced from the market. Stora Enso has
negotiated an agreement for the supply of paper for recycling with Stena
Metall. The group’s focus is to secure the same volumes as currently purchased
via IL Recycling to its Hylte Mill in Sweden. 

Stora Enso uses paper for recycling in its production at four paper mills and
two packaging mills in Europe. 

IL Recycling AB is a Swedish recycled materials company owned by Stora Enso,
Fiskeby Board, SCA, and Smurfit Kappa. Stena Metall is now purchasing the
shareholding of all the current owners. 

About the buyer
The Stena Metall Group recycles and processes metals, paper, electronics,
hazardous waste and chemicals. Its operations also include international
trading in steel, metals and oil. The Group offers quality-assured solutions to
various industries and sectors of society. 

For further information, please contact:
Ulrika Lilja, EVP, Communications, tel. +46 1046 71668

Investor enquiries:
Ulla Paajanen-Sainio, SVP, Investor Relations, tel. +358 2046 21242

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 26 000
people in more than 35 countries, and our sales in 2015 were EUR 10.0 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) on the International OTCQX over-the-counter market. storaenso.com 

STORA ENSO OYJ