Stora Enso Oyj Stock Exchange Release 16 April 2007 at 13.00 GMT Stora Enso will record two non-cash, non-recurring items affecting operating profit totalling positive net EUR 32 million in its first quarter 2007 results. The non-recurring items will increase tax expenses by EUR 16.7 million. There will be a positive impact of EUR 0.02 on earnings per share. As previously announced, a new five-year labour agreement was signed in January 2007 with United Steelworkers in Central Wisconsin, USA. Subsequently, the Group signed new agreements with other unions in the paper industry in the USA. Therefore, in addition to the earlier announced USD 40.8 million income, the Group is recording USD 16.9 million of income relating to the new agreements. The total non-recurring income of USD 57.7 (EUR 44.0) million will correspondingly reduce personnel expenses in the first quarter of 2007. As announced on 7 March 2007, the Company will also record a write-down and restructuring provision totalling about EUR 12 million related to closure of Sauga Sawmill in Estonia. Net impacts on operating profit by segment are: Publication Paper EUR 13.3 million Fine Paper EUR 19.2 million Packaging Boards EUR 4.3 million Wood Products EUR -12.0 million Other EUR 7.2 million Total EUR 32.0 million For more information, please contact: Hannu Ryöppönen, CFO, tel. +44 20 7016 3114 Keith B Russell, SVP, Investor Relations, tel. +44 7775 788 659 Ulla Paajanen-Sainio, VP, Investor Relations and Financial Communications, tel. +358 2046 21242 www.storaenso.com STORA ENSO OYJ p.p. Leena Bergqvist Jussi Siitonen