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STORA ENSO OYJ SHARE REPURCHASE

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        STORA ENSO OYJ        ANNOUNCEMENT
                                          01.06.2004


        STORA ENSO OYJ SHARE REPURCHASE


        Trade date                01.06.2004
        Bourse trade              BUY

        Share                          STEAV
        Amount                         1 200
        Average price/share            10,48   EUR
        Highest price/share            10,50   EUR
        Lowest price/share             10,46   EUR
        Total cost                    12 572   EUR


        Share                          STERV
        Amount                       300 000
        Average price/share            10,51   EUR
        Highest price/share            10,61   EUR
        Lowest price/share             10,41   EUR
        Total cost                 3 153 120   EUR
        
        After repurchases 01.06.2004 the company holds

        STEAV                  6 000
        STERV              7 355 947
       


        On behalf of Stora Enso Oyj

        CAI Cheuvreux Nordic AB


        Patrik Björk

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