Stora Enso Oyj - Decisions of general meeting

Stora Enso’s Annual General Meeting and decisions by the Board of Directors

Helsinki, Finland, 2012-04-24 18:30 CEST (GLOBE NEWSWIRE) -- STORA ENSO OYJ
STOCK EXCHANGE RELEASE 24 April 2012 at 19.30 EET 

Stora Enso's Annual General Meeting (AGM) on 24 April 2012 adopted the accounts
for 2011 and granted the Company's Board of Directors and Chief Executive
Officer discharge from responsibility for the period. 

Resolution on the use of the profit shown on the balance sheet and the payment
of dividend 
The AGM approved the proposal by the Board of Directors that the Company
distributes a dividend of EUR 0.30 per share for the year 2011. 

The dividend shall be paid to shareholders that on the dividend record date, 27
April 2012, are recorded in the shareholders' register maintained by Euroclear
Finland Ltd. or in the separate register of shareholders maintained by
Euroclear Sweden AB for Euroclear Sweden registered shares. Dividends payable
for Euroclear Sweden registered shares will be forwarded by Euroclear Sweden AB
and paid in Swedish krona. Dividends payable to ADR holders will be forwarded
by Deutsche Bank Trust Company Americas and paid in US dollars. 

The AGM approved a proposal by the Board of Directors that the dividend payment
shall be issued by the Company on 16 May 2012. 

Members of the Board of Directors
The AGM approved a proposal that the Board of Directors shall have eight
members and that of the current members of the Board of Directors, Gunnar
Brock, Birgitta Kantola, Mikael Mäkinen, Juha Rantanen, Hans Stråberg, Matti
Vuoria and Marcus Wallenberg shall be re-elected members of the Board of
Directors until the end of the following AGM and that Hock Goh be elected new
member of the Board of Directors for the same term of office. 

Remuneration
The AGM approved the proposed annual remuneration for the Board of Directors as
follows: 



Chairman       EUR 170 000
Vice Chairman  EUR 100 000
Members        EUR 70 000 


The AGM also approved a proposal that 40% of the remuneration shall be paid in
Stora Enso Series R shares purchased from the market. 

The AGM approved the proposed annual remuneration for the Board committees as
follows: 
Financial and Audit Committee



Chairman  EUR 20 000
Members   EUR 14 000


Remuneration Committee



Chairman  EUR 10 000
Members   EUR 6 000 




Auditor
The AGM approved a proposal that the current auditor Authorised Public
Accountants Deloitte & Touche Oy shall be re-elected auditor of the Company
until the end of the following AGM. The AGM approved a proposal that
remuneration for the auditor shall be paid according to invoice approved by
Financial and Audit Committee. 

Appointment of the Nomination Board
The AGM approved a proposal to appoint a Nomination Board to prepare proposals
concerning 
(a) the number of members of the Board of Directors,
(b) the members of the Board of Directors,
(c) the remuneration for the Chairman, Vice Chairman and members of the Board
of Directors and 
(d) the remuneration for the Chairman and members of the committees of the
Board of Directors. 

The Nomination Board shall consist of four members:
- the Chairman of the Board of Directors
- the Vice Chairman of the Board of Directors
- two other members appointed by the two largest shareholders (one each) as of
30 September 2012. 

The largest shareholders are determined on the basis of their shareholdings
registered in the Company's shareholders' register. In addition, shareholders
who under the Finnish Securities Markets Act have an obligation to disclose
certain changes in ownership (shareholder subject to disclosure notification)
will be taken into account provided that they notify their shareholdings to the
Board of Directors in writing by 30 September 2012. A shareholder may change
its representative appointed to the Nomination Board for weighty reasons. 

The Chairman of the Board of Directors shall convene the Nomination Board and
the Nomination Board shall at the latest on 31 January 2013 present its
proposals to the Board of Directors for the AGM to be held in 2013. A member of
the Board of Directors may not be appointed as Chairman of the Nomination
Board. Annual remuneration of EUR 3 000 shall be paid to a member of the
Nomination Board who is not a member of the Board of Directors. 

Decisions by the Board of Directors

At its meeting held after the AGM, the Stora Enso Board of Directors re-elected
from among its members Gunnar Brock as its Chairman and Juha Rantanen as Vice
Chairman. 

Birgitta Kantola (chairwoman), Gunnar Brock and Juha Rantanen were re-elected
as members of the Financial and Audit Committee. 

Gunnar Brock (chairman), Hans Stråberg and Matti Vuoria were re-elected as
members of the Remuneration Committee. 




For further information, please contact:
Ulla Paajanen-Sainio, SVP, Investor Relations, tel. +358 2046 21242

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

Stora Enso is the global rethinker of the paper, biomaterials, wood products
and packaging 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