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STORA ENSO OYJ SHARE REPURCHASE

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        STORA ENSO OYJ                    ANNOUNCEMENT
                                          27.05.2003


        STORA ENSO OYJ SHARE REPURCHASE


        Trade date                27.05.2003
        Bourse trade              BUY

        Share                          STEAV
        Amount                         2 300
        Average price/share             9,00   EUR
        Highest price/share             9,00   EUR
        Lowest price/share              9,00   EUR
        Total cost                    20 700   EUR


        Share                          STERV
        Amount                       900 000
        Average price/share             8,89   EUR
        Highest price/share             9,02   EUR
        Lowest price/share              8,84   EUR
        Total cost                 8 002 800   EUR
        
        After repurchases 27.05.2003 the company holds

        STEAV                  3 300
        STERV             15 999 620
       


        On behalf of Stora Enso Oyj

        CAI Cheuvreux Nordic AB


        Patrik Björk

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