Stora Enso Oyj - Company Announcement

Stora Enso has completed the divestment of Arapoti Mill

Stora Enso has completed the earlier announced divestment of its ownership in
the Arapoti Mill in Brazil. The divestment supports Stora Enso's transformation
into a renewable materials growth company. 

Helsinki, Finland, 2016-04-01 11:00 CEST (GLOBE NEWSWIRE) -- STORA ENSO OYJ
STOCK EXCHANGE RELEASE 1 April 2016 at 12.00 EET 

The divestment of Stora Enso’s entire 80% shareholding in the Arapoti magazine
paper mill to Papeles Bio Bio, a Chilean paper producer, has been completed.
The divestment plan was announced on 31 December 2015. 

The consideration for the divestment of the shares is approximately EUR 17
million. The loss on disposal amounts to approximately EUR 59 million of which
EUR 31 million was recorded as a non-recurring item in Stora Enso’s fourth
quarter 2015 results. The remaining approximately EUR 28 million is a
cumulative translation adjustment loss, which will be recorded as a negative
non-recurring item on operating profit in Stora Enso’s first quarter 2016
results, as announced earlier. 

The transaction reduces Stora Enso’s net debt by approximately EUR 12 million.
Based on 2015 annual figures, the transaction decreases Stora Enso’s sales by
approximately EUR 100 million. 

Arapoti Mill is the only producer of coated magazine paper (LWC) in South
America. The majority of its production is sold to the domestic market and the
rest to other Latin American countries. The mill has an annual production
capacity of 185 000 tonnes of LWC, and it employs 320 people. 

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

Investor enquiries:
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 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