SHARE REPURCHASE 31.3.2003

STORA ENSO OYJ               ANNOUNCEMENT 31.3.2003


SHARE REPURCHASE 31.3.2003


Trade date                    31.3.2003
Bourse Trade                  BUY
Share                         STERV	
Amount                        1,000,000		shares  
Total cost                    8,690,792		EUR
Average price / share         8.691    		EUR
Highest price / share         8.85    		EUR
Lowest price / share          8.60    		EUR


Stora Enso Oyj holds 0 A-shares and 5,321,820 R-shares including the amount repurchased 31.3.2003.


On behalf of Stora Enso Oyj

UBS Limited

Hans Sternby 		James Renwick



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