Stora Enso Oyj - Company Announcement

Stora Enso successfully issues seven-year EUR 500 million Eurobond

Helsinki, Finland, 2012-02-29 16:15 CET (GLOBE NEWSWIRE) -- STORA ENSO OYJ
STOCK EXCHANGE RELEASE 29 February 2012 at 17.15 EET 

Stora Enso has today issued a EUR 500 million seven-year bond under its EMTN
(Euro Medium Term Note) programme. The new bond pays a fixed coupon of 5.5% and
will mature in March 2019. The issue price was 99.824, equivalent to a yield of
5.531% and Euro Mid-swaps + 362.5 basis points. There are no financial
covenants in the bond. 

“We have a strong liquidity position and good access to various financing
markets. We issued the bond and announced the tender offer for the Eurobond
maturing in 2014 to take advantage of the good credit market conditions and
extend our maturity profile,” says Jyrki Tammivuori, SVP, Group Treasurer. 

Citigroup, Deutsche Bank, Goldman Sachs and SEB acted as Joint Bookrunners on
the bond transaction and are acting as Dealer Managers on the tender offer. The
new bond will be listed on the Luxembourg Stock Exchange. The proceeds of the
offering will be used for general corporate purposes, including refinancing of
the bond maturing in 2014. 

For further information, please contact:
Kaarlo Höysniemi, VP, Group Treasury, tel. +358 2046 21037
Ulla Paajanen-Sainio, Head of Investor Relations, tel. +358 2046 21242

Previous stock exchange release concerning Stora Enso's seven-year Eurobond and
tender offer for its Eurobond maturing in 2014 www.storaenso.com/press 
- 29 February 2012: Stora Enso issues seven-year Eurobond and announces tender
offer for its Eurobond maturing in 2014 


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

Stora Enso is the global rethinker of the biomaterials, paper, packaging 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 2011 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