Stora Enso successfully completes tap of two five-year SEK bonds

STORA ENSO OYJ STOCK EXCHANGE RELEASE 22 November 2010 at 16.45 EET             
Stora Enso has today successfully tapped its two five-year bonds due in         
September 2015. Both bonds are issued under Stora Enso's EMTN (Euro Medium Term 
Note) programme.                                                                

The SEK 1 300 million 5.75% fixed coupon bond was tapped with SEK 1 100 million 
of new notes issued with a 5.45 % yield at a price of 101.200. The settlement   
date of the transaction is 29 November 2010. Following the tap, a total of SEK 2
400 million of the bond is outstanding.                                         

The SEK 1 000 million bond that pays a floating coupon of three-month Stibor    
plus 3.7% was tapped with SEK 400 million of new notes issued with a Stibor +   
2.75% at a price of 104.107. The settlement date of the transaction is 1        
December 2010. Following the tap, a total of SEK 1 400 million of the bond is   

Sole arranger and bookrunner for these transactions was Skandinaviska Enskilda  
Banken AB (SEB).                                                                

“The tapping follows the two bonds issued on 24 August 2010. Those bonds have   
performed well and we felt there was additional demand for our bonds. We        
therefore decided to take advantage of good market conditions and tap the bonds 
at attractive levels. The Group has strong liquidity and we continue to manage  
our short-term maturities and maturity profile proactively,” says Jyrki         
Tammivuori, SVP, Group Treasurer.                                               

For further information, please contact:                                        
Jyrki Tammivuori, SVP, Group Treasurer, tel. +358 2046 21043                    
Ulla Paajanen-Sainio, Head of Investor Relations, tel. +358 2046 21242                                                                                                             

Stora Enso is a global paper, packaging and wood products company producing     
newsprint and book paper, magazine paper, fine paper, consumer board, industrial
packaging and wood products. The Group is the world leader in forest industry   
sustainability. We offer our customers solutions based on renewable raw         
materials. Our products provide a climate-friendly alternative to many          
non-renewable materials, and have a smaller carbon footprint. Stora Enso is     
listed in the Dow Jones Sustainability Index and the FTSE4Good Index. Stora Enso
employs some 27 000 people worldwide, and our sales in 2009 amounted to EUR 8.9 
billion. Stora Enso shares are listed on NASDAQ OMX Helsinki (STEAV, STERV) and 
Stockholm (STE A, STE R). In addition, the shares are traded in the USA as ADRs 
(SEOAY) in the International OTCQX over-the-counter market.