Stora Enso's proposed fund distribution and its tax treatment


STORA ENSO OYJ STOCK EXCHANGE RELEASE 23 March 2010 at 7.00 GMT                 

Stora Enso's Board of Directors will, as announced on 4 February 2010, propose  
to the Annual General Meeting of the Company to be held on 31 March 2010 that   
EUR 0.20 per share be distributed to the shareholders from the parent company's 
invested unrestricted equity fund.                                              

Stora Enso has received a legally final advance ruling from the Finnish tax     
authorities on how the proposed fund distribution of EUR 0.20 per share from the
parent company's invested unrestricted equity fund will be treated for tax      
purposes. The advance ruling only concerns Stora Enso's tax withholding         
obligations as a distributor of funds. According to the ruling, EUR 0.035 per   
share will be treated taxwise as dividend and EUR 0.165 per share will be       
treated taxwise as repayment of invested equity at the point of payment. Stora  
Enso is liable to withhold due taxes on the part that will be treated as        
dividend.                                                                       

The fund distribution will be treated partly as dividend because part of the    
funds in the invested unrestricted equity fund originated from earlier years'   
retained earnings.                                                              

For further information, please contact:                                        
Ulla Paajanen-Sainio, Head of Investor Relations, tel. +358 2046 21242          


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