Releases - STORA

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Synergy benefits within Stora Enso exceed expectations

1/27/1999 3:10 AM EST
SYNERGY BENEFITS WITHIN STORA ENSO EXCEED EXPECTATIONS


Stora Enso has specified the estimate, published in June, of expected synergy
benefits of the merger, their realisation schedule and the non-recurring costs
of the structural changes.

According to new calculations based on a more in-depth analyses by the
divisions, the annual synergies will amount to EUR 300 million as...

Pakenso to launch corrugated board production in Lithuania

1/21/1999 3:03 AM EST
PAKENSO TO LAUNCH CORRUGATED BOARD PRODUCTION IN LITHUANIA

Pakenso Oy, a subsidiary of Stora Enso Oyj, is strengthening its position as
the Baltic region's biggest corrugated board manufacturer by starting a
corrugated board converting operation in Kaunas, Lithuania. The investment is
worth around 4 million euros and production is due to start in summer this
...

Stora Enso started operations

12/23/1998 4:04 AM EST
STORA ENSO STARTED OPERATION

The increase of Enso Oyj's share capital, the change of its name to Stora Enso
Oyj, and the amendments of its Articles of Association were entered in the
Trade Register on 23 December 1998.

Stora Enso's fully paid share capital, entered in the Trade Register on 23
December 1998, is
FIM 7 595 796 890, composed of 243 394 655 shares of series A and...

Enso holds 96.1% in STORA and implements the offer

12/22/1998 6:38 AM EST
Enso's offer to the shareholders in STORA has been accepted to
such an extent that Enso's ownership amounts to 96.1% of the
shares and 96.2% of the votes of STORA. Since all conditions in
the prospectus thus have been fulfilled, the offer will be
implemented. In connection with the implementation of the offer
Enso Oyj will be renamed Stora Enso Oyj.

Delivery of the newly issued...

STORA disposes of shares in Stora Spezialpapiere and Stora Carbonless Paper

12/21/1998 5:03 AM EST
Negotiations between Stora Publication Paper AG, Düsseldorf, and Mitsubishi
Paper Mills Ltd. and the Mitsubishi Corporation, both Tokyo, on a majority
shareholding in Stora Carbonless Paper GmbH, Bielefeld, and Stora
Spezialpapiere GmbH, Flensburg, are completed. The two Mitsubishi companies
together will hold 76 percent of Stora Carbonless Paper GmbH and Stora
Spezialpapiere GmbH. The...

Stora Enso the first share to be traded i euro on the Stockholm Stock Exchange

12/18/1998 3:19 AM EST
Stora Enso the first company share to be traded in euro on the OM Stockholm
Stock Exchange

The Stockholm Stock Exchange has approved Stora Enso's application to have the
company's shares traded in both euro and SEK. Parallel trading is expected to
commence on March 19, 1999. This means that Stora Enso will be the first
company to be traded in two currencies on the OM Stockholm Stock...

New President at Stora Paperboard

12/16/1998 9:06 AM EST
Torbjörn Pettersson, currently President of the Stora Paperboard division and
appointed to manage operations within Stora Enso's Packaging Boards division's
Cartonboard business unit is to leave STORA.

Ragnar Törner, currently Vice President of Stora Paperboard, has been
appointed to succeed Torbjörn Pettersson as President of Stora Paperboard and
to lead the Cartonboard business unit...

Financial information from Stora Enso during 1999

12/16/1998 3:19 AM EST
Financial information from Stora Enso Oyj will be published as
follows:

February 10, 1999 Year-end report (1998 fiscal year)

March 23, 1999 Annual General Meeting of shareholders

May 11, 1999 Interim report (three months ended March 31, 1999)



August 10, 1999 Interim report (six months ended June 30, 1999)

November 9, 1999 Interim...

Management change in STORA ENSO's division Magazine Papers

12/10/1998 7:15 AM EST
Horst Thaler, President of Stora Publication Paper, has for
personal reasons decided not to take up his new position as
President of STORA ENSO Magazine Papers. He will, however,
continue to fulfil a number of important tasks on behalf of STORA
ENSO.

Temporarily, Kai Korhonen, incoming President of STORA ENSO
Newsprint division will also take over responsibility for STORA

STORA and Enso merger approved by European Commission

11/25/1998 9:19 AM EST
On June 18, STORA and Enso notified the European Commission about their
proposal to combine the operations of the two companies.

Based on an initial six-week examination, the Commission decided on July 31,
1998, that a more in-depth study was required and that a final decision would
be announced on December 4, 1998, at the latest.

Today, the Commission has announced its approval...