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Stora Enso successfully issues two five-year bonds

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STORA ENSO OYJ STOCK EXCHANGE RELEASE 24 August 2010 at 10.30 GMT               

Stora Enso has today successfully issued two five-year bonds total of SEK 2 300 
million under its EMTN (Euro Medium Term Note) programme. Both bonds are due on 
1 September 2015. A SEK 1 000 million bond pays a floating coupon 3 months      
Stibor + 370 basis points and has an issue/reoffer price of 100.000. A SEK 1 300
million bond pays a fixed coupon of 5.75% and has an issue/reoffer price of     
99.778 to give a spread of 370 basis points over 5-year mid swap. The bonds have
no financial covenants or change of control covenant. Sole arranger and         
bookrunner for the transaction was SEB.                                         

“These bonds, extending the Group's maturity profile, were issued to benefit    
from the low levels of interest rates, resulting in an attractive all-in cost.  
The Group will continue to manage its maturity profile proactively to gain from 
favourable sources of financing. We have very strong liquidity with EUR 856     
million of cash at the end of second quarter,” says Jyrki Tammivuori, SVP, Group
Treasurer.                                                                      

For further information, please contact:                                        
Jyrki Tammivuori, SVP, Group Treasurer, tel. +358 2046 21043                    
Ulla Paajanen-Sainio, Head of Investor Relations, tel. +358 2046 21242          

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


Stora Enso is a global paper, packaging and wood products company producing     
newsprint and book paper, magazine paper, fine paper, consumer board, industrial
packaging and wood products. The Group 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

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