Stora Enso Oyj

Legal Proceedings Report • Dec 3, 2009

Disclosure 274370

Stora Enso Oyj - Company Announcement

Stora Enso fined EUR 30 million for collaboration and exchange of information with other forest products companies concerning prices for purchasing roundwood in Finland from 1997 to 2004

STORA ENSO OYJ STOCK EXCHANGE RELEASE 3 December 2009 at 13.21 GMT Stora Enso has been ordered to pay a EUR 30 million penalty for collaboration and exchange of information with other forest products companies concerning prices for purchasing roundwood in Finland from 1997 to 2004. In its ruling issued today, the Finnish Market Court found that Stora Enso, UPM-Kymmene and Metsäliitto Cooperative had infringed the Act on Competition Restrictions by exchanging detailed information. Although the companies had not been proved to have agreed prices for purchasing roundwood, the Market Court regarded the collaboration as intended to stabilise roundwood prices. In the opinion of the Market Court, no specification of the economic benefit of the infringement of competition restrictions had been presented. Initially, the Competition Authority had proposed in 2006 that a EUR 30 million penalty payment be imposed on Stora Enso. Stora Enso will examine the ruling and then decide whether to appeal to the Supreme Administrative Court. No provision has been made in Stora Enso's accounts for this matter. Stora Enso will record a EUR 30 million negative non-recurring item related to it in its fourth quarter 2009 results. For further information for media, please contact: Lauri Peltola, Head of Group Communications, tel. +358 2046 21380 Erkki Autio, Legal Counsel, Finland, tel. +358 2046 21298 For further information for analysts and investors, 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 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 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