Stora Enso Oyj - Company Announcement

Stora Enso to acquire majority of packaging company Inpac International in China and India

Group starts a new journey with its customers in two key growth markets         

STORA ENSO OYJ STOCK EXCHANGE RELEASE 27 October 2010 at 08.59 EET              

Stora Enso has signed an agreement to acquire 51% of the Chinese packaging      
company Inpac International. Inpac is a packaging company with production       
operations in China and India, and service operations in Korea. Inpac           
specialises in manufacturing consumer packaging, especially for global          
manufacturers of mobile phones and other consumer goods. The enterprise value of
the company is EUR 82 million. In 2009 Inpac's sales were EUR 82 million and    
EBITDA EUR 16 million.                                                          

“This joint venture is an important step on the path to our future offering     
strong synergies with our existing Stora Enso consumer packaging businesses in  
Europe. This step supports our effort to become a market and consumer need      
driven renewable materials company - with access to the two fastest-growing     
consumer packaging markets globally,” says Stora Enso CEO Jouko Karvinen.       

“We believe that this acquisition provides an excellent opportunity to enhance  
our presence in China and India, and strengthen our existing relationships with 
customers and brand owners by supplying packaging directly to them in these     
markets, as well as Europe,” says Mats Nordlander, Stora Enso Executive Vice    
President, Packaging and Asia Pacific.                                          

“We are very pleased to be joining forces with Stora Enso. By combining our     
skills and knowledge through this partnership, we can continue to develop this  
packaging company further and serve global brand owners with innovative         
packaging solutions,” says Inpac Chairman Guo Cai.                              

Inpac's main production plants are at Qian'an in northern China, Dongguan in    
southern China and Chennai in India. The company has approximately 3 100        
employees.                                                                      

Stora Enso's annual operating profit is expected to be enhanced by EUR 11       
million. The all-cash acquisition is expected to be closed within six months,   
subject to approval by regulatory and competition authorities, and other        
customary closing conditions.                                                   



For further information, please contact:                                        
Jouko Karvinen, CEO, tel. +358 2046 21410                                       
Mats Nordlander, EVP, Packaging and Asia Pacific, tel. +46 1046 72703           
Lauri Peltola, Head of Communications and Global Responsibility, tel. +358 2046 
21380                                                                           
Ulla Paajanen-Sainio, Head of Investor Relations, tel. +358 2046 21242          

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

Inpac International is a leading packaging supplier to the mobile phone industry
in the Asia-Pacific region. Inpac International Print & Packaging Co., Ltd. was 
founded in 1998. Over the years it has become an international group that       
provides innovative packaging solutions to its customers. Inpac has some 3 100  
employees. Its headquarters are at Qian'an, Hebei Province, in northern China,  
and it has subsidiaries in Hebei, Beijing, Dongguan, India and Korea.           
www.inpac.com.cn/                                                               
Stora Enso is a global paper, packaging and wood products company producing     
newsprint and book paper, magazine paper, fine paper, consumer board, industrial
packaging and wood products. The Group is the world leader in forest industry   
sustainability. We offer our customers solutions based on renewable raw         
materials. Our products provide a climate-friendly alternative to many          
non-renewable materials, and have a smaller carbon footprint. Stora Enso is     
listed in the Dow Jones Sustainability Index and the FTSE4Good Index. Stora Enso
employs some 27 000 people worldwide, and our sales in 2009 amounted to EUR 8.9 
billion. Stora Enso shares are listed on NASDAQ OMX Helsinki (STEAV, STERV) and 
Stockholm (STE A, STE R). In addition, the shares are traded in the USA as ADRs 
(SEOAY) in the International OTCQX over-the-counter market.