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Stora Enso reschedules possible pulp and paper mill project at Nizhny Novgorod in Russia

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STORA ENSO OYJ STOCK EXCHANGE RELEASE 13 February 2009 at 07.00 GMT             


Stora Enso has decided to defer its final decision regarding the proposed pulp  
and paper mill project at Nizhny Novgorod in Russia to a later stage due to the 
weak global financial situation and near-term outlook for the forest products   
industry. The project is not cancelled by this decision, and various actions    
will be taken to facilitate possible implementation of the project in the       
future.                                                                         

Stora Enso will hold discussions with the Nizhny Novgorod regional              
administration in the near future to establish a new timetable for the proposed 
project.                                                                        

For further information, please contact:                                        
Jouko Karvinen, CEO, tel. +358 2046 21410                                       
Keith B. Russell, SVP, Investor Relations, tel. +44 20 7121 0910                
Ulla Paajanen-Sainio, VP, Investor Relations and Financial Communications,      
tel. +358 2046 21242                                                            

Previous press releases concerning the project are available at                 
www.storaenso.com/press                                                         

23 May 2008: Stora Enso starts feasibility study for a world-class pulp and     
paper mill in Nizhny Novgorod region                                            
20 December 2007: Stora Enso signs letter of intent concerning possible pulp and
paper mill in Russia                                                            
17 July 2007: Stora Enso starts pre-feasibility study for a world-class pulp and
paper mill in Russia                                                            


www.storaenso.com                                                               
www.storaenso.com/investors                                                     


Stora Enso is a global paper, packaging and forest products company producing   
newsprint and book paper, magazine paper, fine paper, consumer board, industrial
packaging and wood products. The Group has 32 000 employees and 85 production   
facilities in more than 35 countries worldwide, and is a publicly traded company
listed in Helsinki and Stockholm. Our annual production capacity is 12.7 million
tonnes of paper and board, 1.5 billion square metres of corrugated packaging and
6.9 million cubic metres of sawn wood products, including 3.2 million cubic     
metres of value-added products. Our sales in 2008 were EUR 11.0 billion.        


STORA ENSO OYJ                                                                  


Jari Suvanto		Ulla Paajanen-Sainio

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