Stora Enso Oyj - Company Announcement

Stora Enso signs EUR 150 million loan agreement

Helsinki, Finland, 2011-12-21 16:15 CET (GLOBE NEWSWIRE) -- STORA ENSO OYJ
STOCK EXCHANGE RELEASE 21 December 2011 at 17.15 EET 

Stora Enso has signed an agreement with the European Investment Bank (EIB) for
a EUR 150 million loan to be used for the new container board machine
investment project at Ostrołęka Mill in Poland. The loan matures in 2023. 

“Our co-operation with EIB is good and we are delighted with EIB's continuing
support for our strategically important investments. The investment at
Ostrołęka will strengthen our competitive position in corrugated packaging in
the growing markets of Central and Eastern Europe, and is one more step in
building sustainable and profitable growth for the Group. The new container
board machine with a modern product and greater capacity than the machine it
replaces will not only renew our product offering, it will also improve our
overall cost position through efficient internal supply of light-weight
containerboard made from recycled fibre,” says Mats Nordlander, Executive Vice
President, Packaging Business Area. 

The main items for the Ostrołęka project have been procured and construction
work is progressing as planned. The EUR 285 million container board machine
investment project at Ostrołęka is scheduled to be completed in the first
quarter of 2013, as announced on 11 January 2011. 

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