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STORA ENSO OYJ SHARE REPURCHASE

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        STORA ENSO OYJ                    ANNOUNCEMENT
                                          31.03.2004


        STORA ENSO OYJ SHARE REPURCHASE


        Trade date       		31.03.2004
        Bourse trade          		BUY

       

        Share                    	    STERV
        Amount                   	  439 000   shares
        Average price/share          	    10,28   EUR
        Highest price/share                 10,35   EUR
        Lowest price/share                  10,20   EUR
        Total cost                      4 512 086   EUR
        
        After repurchases 31.03.2004 the company holds

        STEAV                   	      0
        STERV              	      2 380 447
       


        On behalf of Stora Enso Oyj

        CAI Cheuvreux Nordic AB


        Patrik Björk

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