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