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Stora Enso signs letter of intent concerning possible pulp and paper mill in Russia

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Stora Enso and the Nizhny Novgorod regional administration in Russia have
signed a letter of intent setting out the basic principles for further
pre-investment work for a proposed paper and pulp mill in the region. The
non-binding agreement is the logical continuation of the pre-feasibility study
announced on 17 July 2007 and confirms the commitment of the Nizhny Novgorod
administration and Stora Enso to continuing with preparations for the potential
mill development. The objective of the project remains unchanged: to
manufacture paper for Russian consumers from Russian wood - in Russia. 

If the results of pre-feasibility and any subsequent complete feasibility
studies are favourable, the Stora Enso Board of Directors will then consider
any proposed investment decision. 
 
 
For further information, please contact:
Hannu Ryöppönen, Deputy CEO and CFO, tel. +358 2046 21409
Kari Vainio, EVP, Corporate Communications, tel. +44 7799 348 197
Ulla Paajanen-Sainio, VP, Investor Relations and Financial Communications, tel.
+358 40 763 8767 

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

Stora Enso Oyj


pp. 	Jussi Siitonen		Jukka Marttila





                                            

                

            

        

    

    



    

        
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