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STORA ENSO OYJ SHARE REPURCHASE

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        STORA ENSO OYJ        ANNOUNCEMENT
                                          17.06.2004


        STORA ENSO OYJ SHARE REPURCHASE


        Trade date                17.06.2004
        Bourse trade              BUY

        Share                          STEAV
        Amount                           200
        Average price/share            10,70   EUR
        Highest price/share            10,70   EUR
        Lowest price/share             10,70   EUR
        Total cost                     2 140   EUR


        Share                          STERV
        Amount                       129 700
        Average price/share            10,72   EUR
        Highest price/share            10,75   EUR
        Lowest price/share             10,69   EUR
        Total cost                 1 390 929   EUR
        
        After repurchases 17.06.2004 the company holds

        STEAV                  9 700
        STERV              8 768 047
       


        On behalf of Stora Enso Oyj

        CAI Cheuvreux Nordic AB


        Patrik Björk

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