STORA ENSO OYJ SHARE REPURCHASE

        STORA ENSO OYJ                    ANNOUNCEMENT
                                          18.12.2003


        STORA ENSO OYJ SHARE REPURCHASE


        Trade date       		18.12.2003
        Bourse trade          		BUY

       

        Share                    	    STERV
        Amount                   	  500 000   shares
        Average price/share          	    10,47   EUR
        Highest price/share                 10,55   EUR
        Lowest price/share                  10,41   EUR
        Total cost                      5 234 850   EUR
        
        After repurchases 18.12.2003 the company holds

        STEAV                   	   8 100
        STERV              	      25 667 508
       


        On behalf of Stora Enso Oyj

        CAI Cheuvreux Nordic AB


        Patrik Björk	




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