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Stora Enso CEO Jouko Karvinen welcomes initiative to postpone Russian wood duty

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The Group will proceed with the efficiency improvements as planned  
             

STORA ENSO OYJ STOCK EXCHANGE RELEASE 12 November 2008 at 15.30 GMT             

“We are very pleased with the Russian decision announced today to postpone the  
wood duty on Russian wood exports. That is an indication of the desire to avoid 
barriers to international trade that would hamper the economies on both sides of
the border. This decision gives us more time to adjust our operations to the    
postponed wood duty,” says Stora Enso CEO Jouko Karvinen.                       

Stora Enso will proceed with implementation of its efficiency improvement plans 
as announced in September. In addition, in line with its strategy, the Group has
already considerably reduced the use of wood imported from Russia in its mills  
in Finland. The restructuring of Stora Enso's Russian Wood Supply unit will     
continue as planned due to the need for productivity and profitability          
improvements. The reshaped unit will be able to deliver cost-competitive Russian
wood to Stora Enso's mills based on availability and customer needs.            

The recent and current production curtailments at sawmills and for pulp and     
paper mills are market related and not driven by wood availability.             

For further information, please contact:                                        
Juha Vanhainen, Country Manager Finland, tel. +358 2046 21343                   
Kari Vainio, EVP, Corporate Communications, tel. +44 7799 348 197               
Keith B Russell, SVP, Investor Relations, tel. +44 7775 788 659                 
Ulla Paajanen-Sainio, Vice President, Investor Relations and Financial          
Communications,                                                                 
tel. +358 2046 21242                                                            

www.storaenso.com                                                               
www.storaenso.com/investors                                                     


STORA ENSO OYJ                                                                  


Jari Suvanto		Ulla Paajanen-Sainio

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