Stora Enso Oyj - Company Announcement

Stora Enso’s equity accounted investment Bergvik Skog increases the fair value of its forest assets

Helsinki, Finland, 2015-10-23 11:59 CEST (GLOBE NEWSWIRE) -- STORA ENSO OYJ
STOCK EXCHANGE RELEASE 23 October 2015 at 12.59 EET 

Stora Enso's equity accounted investment Bergvik Skog AB in Sweden increases
the IFRS fair value of its biological assets. Stora Enso's share of the
increase, net of tax, is approximately SEK 4.1 billion (EUR 435 million)
subject to normal year end verification. The increase in fair value will be
recorded in the Group's IFRS operating profit in the fourth quarter of 2015.
Stora Enso's share of the fair value of the biological assets in Bergvik Skog
will be approximately SEK 22.2 billion (EUR 2.4 billion).The increase does not
impact Stora Enso's operational EBIT. 

The fair value change of Bergvik Skog's forest holdings is mainly due to the
decrease from 6.25% to 5.2% of the post-tax discount rate used in the
discounted cash flow based valuation of the biological assets. 

Stora Enso's shareholding in Bergvik Skog AB is 49%.

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, wood and paper on global markets. Our aim is to replace
non-renewable materials by innovating and developing new products and services
based on wood and other renewable materials. We employ some 27 000 people in
more than 35 countries, and our sales in 2014 were EUR 10.2 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) on the
International OTCQX over-the-counter market. www.storaenso.com 

STORA ENSO OYJ