SHARE REPURCHASE 27.3.2003

STORA ENSO OYJ               ANNOUNCEMENT 27.3.2003


SHARE REPURCHASE 27.3.2003


Trade date                    27.3.2003
Bourse Trade                  BUY
Share                         STERV
Amount                        662,016 	shares  
Total cost                    6,000,513 EUR
Average price / share         9.064    	EUR
Highest price / share         9.26    	EUR
Lowest price / share          9.01    	EUR


Stora Enso Oyj holds 0 A-shares and 3,377,836 R-shares including the amount repurchased 27.3.2003.


On behalf of Stora Enso Oyj

UBS Limited

Hans Sternby 		James Renwick



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