Stora Enso Oyj - Company Announcement

Stora Enso extends revolving credit facility

Helsinki, Finland, 2011-11-22 12:00 CET (GLOBE NEWSWIRE) -- STORA ENSO OYJ
STOCK EXCHANGE RELEASE 22 November 2011 at 13.00 EET 

Stora Enso has signed an extension of its existing EUR 700 million committed
credit facility agreement with a syndicate of 16 banks announced on 14 December
2010. The extended facility matures in January 2015 and will be used as a
backup for general corporate purposes. The terms of the facility, including
pricing, remain unchanged and the facility has no financial covenants. 

Bookrunners and Mandated Lead Arrangers for the transaction are BNP Paribas,
Citi, Goldman Sachs International, Nordea and The Royal Bank of Scotland PLC. 

Mandated Lead Arrangers are Banc of America Securities Limited, Barclays
Capital, Credit Agricole Corporate and Investment Bank, Deutsche Bank AG London
Branch, DnB NOR Bank ASA, Handelsbanken, HSBC Bank plc, JP Morgan plc, Pohjola
Bank plc, SEB and UBS Investment Bank. 

“Stora Enso has a strong balance sheet and very good liquidity, and that
enables us to continue implementing our growth strategy. Extending our current
revolving credit facility further strengthens our financial flexibility,” says
Stora Enso CFO Markus Rauramo. 

For further information, please contact:
Jyrki Tammivuori, SVP, Group Treasurer, tel. +358 2046 21043
Ulla Paajanen-Sainio, Head of Investor Relations, tel. +358 2046 21242

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

Stora Enso is the global rethinker of the packaging, paper and wood products
industry. We always rethink the old and expand to the new to offer our
customers innovative solutions based on renewable materials. Stora Enso employs
some 30 000 people worldwide, and our sales in 2010 amounted to EUR 10.3
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. 

STORA ENSO OYJ