Stora Enso Oyj - Other information disclosed according to the rules of the Exchange

Stora Enso resolved on two new long-term incentive plans for key employees

STORA ENSO OYJ STOCK EXCHANGE RELEASE 12 December 2024 at 9:00 EET

The Board of Directors of Stora Enso Oyj has resolved to establish two new share
-based incentive plans for the key employees of the Group and its subsidiaries.
Stora Enso's goal is to offer remuneration that motivates, encourages, attracts,
and retains top-tier employees. The Group carefully aligns remuneration elements
with its strategy and long-term financial interests.
The purpose of the plans is to align the key employees' interests with those of
the shareholders to increase the Company's value in the long term, as well as to
retain the key employees and offer them competitive share-based incentive
schemes. The total combined target group for both plans consist of approximately
300 employees and the maximum plan opportunity is EUR 20 million at the time of
grant. The potential rewards will be delivered as Stora Enso R shares and cash.
The cash proportion is intended to cover taxes and statutory social security
contributions arising from the reward to the recipient.
Performance Share Plan 2025-2027
The Performance Share Plan 2025-2027 consists of one performance period,
covering the financial years 2025-2027.
In the plan, the target group has an opportunity to earn Stora Enso Oyj shares
based on performance. The performance measures of the plan are earnings per
share (EPS), total shareholder return (TSR), CO2 emission reduction, and gender
balance in managerial positions. The potential rewards from the plan will be
allocated after the end of the vesting period. As a rule, no reward will be paid
if the participant's employment or service terminates before the end of the
performance period.
The target group consists of key individuals, including the CEO and other
members of the Group Leadership Team.
Upon reward payment, the reward amount may be decreased if the company's share
price is above the reward cap level determined by the Board of Directors.
The company recommends and expects the members of the Group Leadership Team to
hold the company's shares at a value corresponding to the participant's gross
salary as long as the membership in the Group Leadership Team continues.
Restricted Share Unit Plan 2025-2027

The Restricted Share Unit Plan 2025-2027 is directed to key employees of the
Group. The plan consists of one plan period which ends on 31 December 2027. The
rewards from the plan will be paid after the end of the plan period. As a rule,
no reward will be paid if the participant's employment or service terminates
before the end of the plan period.

Stora Enso Oyj
Board of Directors

Part of the global bioeconomy, Stora Enso is a leading provider of renewable
products in packaging, biomaterials and wooden construction, and one of the
largest private forest owners in the world. We create value with our low-carbon
and recyclable fiber-based products, through which we support our customers in
meeting the demand for renewable sustainable products. Stora Enso has
approximately 20,000 employees and our sales in 2023 were EUR 9.4 billion. Stora
Enso shares are listed on Nasdaq Helsinki Oy (STEAV, STERV) and Nasdaq Stockholm
AB (STE A, STE R). In addition, the shares are traded in OTC Markets (OTCQX) in
the USA as ADRs and ordinary shares (SEOAY, SEOFF, SEOJF).
storaenso.com/investors (https://www.storaenso.com/en/investors)

For further information, please contact:
Carl Norell
SVP Corporate Communications
tel. +46 72 241 0349
Investor enquiries:
Anna-Lena Åström
SVP Investor Relations
tel. +46 70 210 7691