Stora Enso Oyj

Report Publication Announcement • Sep 12, 2013

Disclosure 309400

Stora Enso Oyj - Company Announcement

Montes del Plata pulp mill project timetable modified

Helsinki, Finland, 2013-09-12 08:00 CEST (GLOBE NEWSWIRE) -- STORA ENSO OYJ STOCK EXCHANGE RELEASE 12 SEPTEMBER 2013 AT 09.00 EET Stora Enso's and Arauco's joint-venture pulp mill project Montes del Plata in Uruguay has been expected to begin the mill start-up process at the end of the third quarter of 2013. The mill site is 92% complete and the commissioning of certain areas has already begun. However, the main technology contractors have informed Montes del Plata that they will not be able to complete the work according to the agreed timetable. Montes del Plata is supporting the contractors and all local stakeholders to expedite the start-up process. The operational EBIT impact of the delay for Stora Enso during 2013 is estimated to be EUR 7 million. A further update on the progress and timetable will be issued when Stora Enso's third quarter results are announced on 22 October. For further information, please contact: Lauri Peltola, EVP, Global Identity, tel. +358 2046 21380 Ulla Paajanen-Sainio, SVP, Investor Relations, tel. +358 2046 21242 Kirsi Seppäläinen, VP, Communications and Sustainability, Stora Enso Biomaterials, tel. +358 2046 21444 www.storaenso.com www.storaenso.com/investors Stora Enso is the global rethinker of the paper, biomaterials, wood products and packaging industry. We always rethink the old and expand to the new to offer our customers innovative solutions based on renewable materials. Stora Enso employs some 28 000 people worldwide, and our sales in 2012 amounted to EUR 10.8 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