STORA ENSO OYJ STOCK EXCHANGE RELEASE 14 May 2009 at 16.30 GMT Stora Enso has today announced that the company has successfully tapped its EUR 517 555 000 5.125% June 2014 notes by EUR 232 445 000 which will bring the total transaction size to EUR 750 000 000. The new notes were issued with a 12.25% yield and were priced at 74.099. The newly issued bearer notes will become fungible with the original notes after 40 days. As per the original issue, the new notes will be listed on the Luxembourg Stock Exchange. Settlement date of the transaction is set at 20 May 2009. Denominations are EUR 1 000, EUR 10 000, EUR 100 000 and EUR 1 000 000. Stora Enso is rated Ba2 (neg) by Moody's and BB (neg) by Standard &Poor's. The bond was issued to extend Company's debt structure and take advantage of improved credit market conditions. The funds will be used to reduce short-term debt maturities. Bookrunner for this transaction was HSBC Bank Plc. For further information, please contact: Jyrki Tammivuori, SVP, Group Treasurer, tel. +358 2046 21043 Ulla Paajanen-Sainio, VP, Investor Relations and Financial Communications, tel. +358 40 763 8767 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 included in the Global 100 list of the world's most sustainable companies. Stora Enso is also listed in the Dow Jones Sustainability Index, the FTSE4Good Index, and the Climate Disclosure Leadership Index. Stora Enso employs 29 000 people worldwide, and our sales in 2008 amounted to EUR 11.0 billion. STORA ENSO OYJ Jari Suvanto Ulla Paajanen-Sainio