Stora Enso Oyj - Company Announcement

Stora Enso will take an impairment charge of about EUR 347 million in the third quarter of 2009

STORA ENSO OYJ STOCK EXCHANGE RELEASE 19 August 2009 at 06.01 GMT               

Stora Enso has undertaken goodwill and fixed asset impairment testing during the
third quarter of 2009. The resultant impairment charge will have a negative     
non-cash impact of about EUR 347 million on the Group's third quarter operating 
profit, which will be reported as non-recurring item. This impairment charge is 
in addition to the fixed asset impairment of EUR 245 million announced earlier  
today in respect of asset restructuring. The impairment charge is due to the    
weak long-term outlook, especially for publication and fine papers.             

The debt equity ratio will increase from 0.53 to 0.59 (based on the second      
quarter 2009 debt to equity ratio) as a result of the combined impact of the    
fixed asset impairment testing and asset restructuring.                         


Allocation of impairment charge between segments                                


--------------------------------------------------------------------------------
| Segment                            | Impairment Q3/2009*                     |
--------------------------------------------------------------------------------
| Newsprint                          | EUR   30 million                        |
--------------------------------------------------------------------------------
| Magazine Paper                     | EUR 116 million                         |
--------------------------------------------------------------------------------
| Fine Paper                         | EUR 155 million                         |
--------------------------------------------------------------------------------
| Consumer Board                     | EUR   24 million                        |
--------------------------------------------------------------------------------
| Industrial Packaging               | EUR   22 million                        |
--------------------------------------------------------------------------------
| Total                              | EUR 347 million                         |
--------------------------------------------------------------------------------

*All charges have no cash impact.                                               


For further information, please contact:                                        
Markus Rauramo, CFO, tel. +358 2046 21452                                       
Ulla Paajanen-Sainio, Head of Investor Relations, tel. +358 40 763 8767         

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 OYJ                                                                  



Jari Suvanto			Ulla Paajanen-Sainio