Stora Enso launches offering of 10-year and 30-year 144A/Regulation S USD notes

STORA ENSO OYJ Stock Exchange Release 6 April 2006 at 18.15

Stora Enso launches offering of 10-year and 30-year 
144A/Regulation S USD notes

Stora Enso Oyj announced today that it is offering to sell 
additional notes due 2016 (the “additional notes”) for cash, 
which are fungible with the new notes (the “new notes”) offered 
in the Exchange Offer launched on 14 March 2006. The additional 
notes and the new notes are expected to have an aggregate 
principal amount of at least USD 500 000 000. According to Stora 
Enso’s early participation results announcement on 28 March 
2006, approximately USD 273 729 000 in aggregate principal 
amount of Stora Enso’s 7.375% notes due 2011 had been validly 
tendered as of 27 March 2006 in exchange for new notes.

In addition, concurrently with the issuance of the additional 
notes, Stora Enso is offering to sell for cash 30-year notes 
(the “longer dated notes”) in a separate tranche with an 
aggregate principal amount expected to be approximately USD 
250 000 000.

Both the additional notes and the longer dated notes will be 
priced following a bookbuilding process subject to market 
conditions with an expected settlement date of 13 April 2006. 
The proceeds of the offering will be used to repay short-term 
debt as well as for general corporate purposes.

The offer is based on and subject to the conditions in the 
Preliminary Offering Memorandum, dated 6 April 2006. The 
additional notes and longer dated 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, US persons absent 
registration or an applicable exemption from the registration 
requirements of the Securities Act. Restrictions may apply in 
other jurisdictions; see the Preliminary Offering Memorandum 
dated 6 April 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