Stora Enso's Finnish mills affected by stevedores' strike
STORA ENSO OYJ STOCK EXCHANGE RELEASE 4 March 2010 at 8.30 GMT
Stora Enso expects to begin temporarily shutting down its Finnish mills in the near future due to the strike by the stevedores at Finnish ports. The impact of the strike on Stora Enso's financial results is estimated to be approximately EUR 2.5 million per day. “The impact of the strike will be wide and indefinite. The strike will severely tarnish the reputation of the Finnish forest products industry and its whole value chain,” says Juha Vanhainen, Stora Enso Country Manager Finland. For further information, please contact: Juha Vanhainen, Country Manager Finland, tel. +358 2046 21343 Ulla Paajanen-Sainio, Head of Investor Relations, tel. +358 2046 21242 Lauri Peltola, Head of Communications, tel. +358 2046 21380 Päivi Kauhanen, Director, Communications Finland, tel. +358 2046 21292 www.storaenso.com www.storaenso.com/investors Stora Enso is the world leader in forest industry sustainability. We offer our customers solutions based on renewable raw materials. Our products provide a climate-friendly alternative to many non-renewable materials, and have a smaller carbon footprint. Stora Enso is listed in the Dow Jones Sustainability Index and the FTSE4Good Index. Stora Enso employs some 27 000 people worldwide, and our sales in 2009 amounted to EUR 8.9 billion. Stora Enso shares are listed on NASDAQ OMX Helsinki (STEAV, STERV) and Stockholm (STE A, STE R). In addition, the shares are traded in the USA as ADRs (SEOAY) in the International OTCQX over-the-counter market. STORA ENSO OYJ Jari Suvanto Ulla Paajanen-Sainio