Stora Enso announces final results of Exchange Offer

STORA ENSO OYJ Stock Exchange Release 11 April 2006 at 9.30

Stora Enso announces final results of Exchange Offer

Stora Enso Oyj announced today the final results of its 
previously announced exchange offer for its 7.375% notes due 
2011 (CUSIP No. 86210MAA4; ISIN No. US86210MAA45) (the “old 
notes”). The offers commenced on 14 March 2006, and expired at 
midnight, New York City time, on 10 April 2006. USD 281 229 000 
in principal amount of its old notes (approximately 37.50%) had 
been validly tendered, and may no longer be withdrawn. At 
settlement (scheduled for 13 April 2006), Stora Enso will 
deliver to participating holders the new 6.404% notes due 2016 
(CUSIP No. 86210MAB2 and X8662DAV9) (the “new notes”). In 
addition, holders of notes accepted in the exchange will receive 
accrued and unpaid interest up to but not including the 
settlement date and cash in lieu of fractional par amount of new 
notes, if any.

The new notes have not been and will not be registered with the 
US Securities and Exchange Commission under the US Securities 
Act of 1933, as amended (the "Securities Act"), and may not be 
offered or sold in the United States or to, or for the account 
or benefit of, U.S. persons absent registration or an applicable 
exemption from the registration requirements of the Securities 
Act. Restrictions may apply in other jurisdictions, see the 
Exchange Offering Memorandum, dated 14 March 2006, for details.

For further information, please contact:
Markus Rauramo, Senior Vice President, Group Treasurer, tel. 
+44 20 7016 3250
Peter Nordquist, Vice President, Funding, tel. +44 20 7016 3266


www.storaenso.com
www.storaenso.com/debt 

STORA ENSO OYJ


p.p.	Jussi Siitonen	Jukka Marttila