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Stora Enso continues co-determination negotiations at Kemijärvi and Kymenlaakso, seeking economically sound alternatives

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Stora Enso's co-determination negotiations with employee representatives at     
Kemijärvi and Kymenlaakso are continuing. No decisions concerning potential     
alternative uses of any of the assets to be closed have been or will be made    
prior to the completion of the negotiations. For the sites to be closed, the    
alternatives do not include the sale of the assets for their current use.       

Every effort is being made to find alternatives that support the Company's      
stated strategy of using more domestic wood at Stora Enso's mills, whilst       
reducing purchases of excessively expensive imported wood. As previously stated,
the Company's goal is to secure access to domestic wood at the larger mill sites
in Northern Finland. At the same time the company is seeking economically viable
alternatives for the affected sites that can provide employment opportunities   
for those employees unable or unwilling to seek Company-supported relocation and
new employment in other locations.                                              

“My impression is that the local co-determination negotiations, whilst          
understandably difficult and challenging, are proceeding in a constructive      
atmosphere. We are committed to not only completing these negotiations in good  
faith and supporting the employees affected, as we have already said, but also  
actively seeking other alternative uses of the sites that we plan to stop using 
in their present format of pulp or paper production,” said Stora Enso CEO Jouko 
Karvinen.                                                                       

“Our goal remains to find solutions for the Kemijärvi pulp mill and Summa paper 
mill in a way that permanently reduces the use of expensive imported pulpwood in
Finland thus improving the future and jobs at Veitsiluoto, Oulu and other large 
entities. To our delight, several parties have expressed their clear interest in
the sites affected, some of them also clearly supporting our goal of reducing   
use of imported pulpwood. The negotiations on several competing alternatives    
will be conducted between us and the interested parties, the moment we have     
something definite to tell about real agreements we will naturally communicate  
it, first to our employees,” Karvinen continued.                                

“As one of several parties expressing interest in the facilities in Lapland and 
Kymenlaakso, Ruukki Group yesterday publicly announced their confidential offer 
letter for Kemijärvi Pulp Mill. Earlier today we gave our response to them where
we stated that in our view their offer does not support our goals of using the  
domestic pulpwood in our larger entities to secure their future and is therefore
as described of no interest to us.,” CEO Jouko Karvinen concluded.              

For further information, please contact:                                        
Jouko Karvinen, CEO, tel. +358 2046 21409                                       
Kari Vainio, EVP, Corporate Communications, tel. +44 7799 348 197               
Ulla Paajanen-Sainio, VP, Investor Relations and Financial Communications,      
tel.                                                                            
+358 40 763 8767                                                                




STORA ENSO OYJ                                                                  


p.p. 	Jussi Siitonen		Jukka Marttila





                                            

                

            

        

    

    



    

        
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