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SHARE REPURCHASE 18.11.2003

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STORA ENSO OYJ               ANNOUNCEMENT 18.11.2003


SHARE REPURCHASE 18.11.2003


Trade date                    18.11.2003
Bourse Trade                  BUY
Share                         STEAV
Amount                        100		shares  
Total cost                    1 140  	EUR
Average price / share         11,40    		EUR
Highest price / share         11,40    		EUR
Lowest price / share          11,40    		EUR

Trade date                    18.11.2003
Bourse Trade                  BUY
Share                         STERV
Amount                        300 000		shares  
Total cost                    3 422 436  	EUR
Average price / share         11,41    		EUR
Highest price / share         11,50    		EUR
Lowest price / share          11,30    		EUR


Stora Enso Oyj holds 7 100 A-shares and 22 446 808 R-shares including the amount repurchased 18.11.2003.


On behalf of Stora Enso Oyj


Alfred Berg Finland Oyj Abp

Timo Nousiainen		Ari Kiuru

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