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2009-12-21 15:00:00 CET 2009-12-21 15:00:04 CET REGULATED INFORMATION Stora Enso Oyj - Company AnnouncementStora Enso refrains from appealing against Finnish Market Court rulingSTORA ENSO OYJ STOCK EXCHANGE RELEASE 21 December 2009 at 14.00 GMT Stora Enso has decided to refrain from appealing to the Supreme Administrative Court against the ruling of the Finnish Market Court on collaboration and exchange of information with other forest products companies concerning prices for purchasing roundwood in Finland from 1997 to 2004. However, the Group emphasises that this does not mean the ruling of the Finnish Market Court is right in Stora Enso's opinion. The Finnish Market Court ordered Stora Enso to pay a EUR 30 million penalty for collaboration and exchange of information with other forest products companies concerning prices for purchasing roundwood in Finland from 1997 to 2004. In its ruling issued on 3 December 2009, the Finnish Market Court found that Stora Enso, UPM-Kymmene and Metsäliitto Cooperative had infringed the Act on Competition Restrictions by exchanging detailed information. In the opinion of the Market Court, no specification of the economic benefit of the infringement of competition restrictions had been presented. Stora Enso will record a EUR 30 million negative non-recurring item related to the penalty in its fourth quarter 2009 results. For further information, please contact: Lauri Peltola, Head of Group Communications, tel. +358 2046 21380 www.storaenso.com www.storaenso.com/investors Stora Enso 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 included in the Global 100 list of the world's most sustainable companies. Stora Enso is also listed in the Dow Jones Sustainability Index, the FTSE4Good Index, and the Climate Disclosure Leadership Index. Stora Enso employs 29 000 people worldwide, and our sales in 2008 amounted to EUR 11.0 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 Jari Suvanto Ulla Paajanen-Sainio |
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