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STORA ENSO OYJ SHARE REPURCHASE

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        STORA ENSO OYJ        ANNOUNCEMENT
                                          15.12.2003


        STORA ENSO OYJ SHARE REPURCHASE


        Trade date                15.12.2003
        Bourse trade              BUY

        Share                          STEAV
        Amount                         1 000
        Average price/share            11,15   EUR
        Highest price/share            11,15   EUR
        Lowest price/share             11,15   EUR
        Total cost                    11 150   EUR


        Share                          STERV
        Amount                       201 200
        Average price/share            11,12   EUR
        Highest price/share            11,15   EUR
        Lowest price/share             11,05   EUR
        Total cost                 2 237 264   EUR
        
        After repurchases 15.12.2003 the company holds

        STEAV                  8 100
        STERV             23 517 808
       


        On behalf of Stora Enso Oyj

        CAI Cheuvreux Nordic AB


        Patrik Björk

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