STORA ENSO OYJ Press Release 29 January 2007 at 14.00 Stora Enso signs loan agreement with European Investment Bank Stora Enso has signed a loan agreement with the European Investment Bank (EIB) for a EUR 140 million loan facility to finance part of Stora Ensos investment in research and development in Finland and Sweden for the next five years. The facility, which is expected to be fully drawn, is the result of good long-term co-operation between EIB and Stora Enso. We have negotiated an agreement that builds on previous transactions with EIB and offers Stora Enso attractive terms that are consistent with our borrowing practices. This facility adds another source of funding that specifically supports our R&D efforts, which is a function with increasing importance in the future, comments Stora Ensos CFO Hannu Ryöppönen. R&D in Stora Enso Stora Enso has research centres in Finland, Sweden, Germany and the USA, and strong technical organisations in the business units. They co-operate with leading forest cluster R&D providers and technology suppliers. Stora Ensos five research centres have a product focus and are strongly integrated with the business organisations. They combine product-specific expertise with scientific understanding of the manufacture, converting and end uses of the Groups products. The two InnoCentres run by Stora Enso Consumer Boards have established a new area in Stora Ensos R&D. They are an interface to the future of fibre-based packaging, and are used for developing and testing new packaging solutions together with other partners in the value chain. For further information, please contact: Hannu Ryöppönen, CFO, tel. +44 20 7016 3114 Markus Rauramo, Senior Vice President, Group Treasurer, tel. +44 20 7016 3250 Peter Nordquist, Vice President, Funding, tel. +44 20 7016 3266 Ilkka Kartovaara, Senior Vice President, Corporate R&D, tel. +358 2046 21464 www.storaenso.com www.storaenso.com/investors STORA ENSO OYJ p.p. Jussi Siitonen Leena Bergqvist