STORA ENSO OYJ STOCK EXCHANGE RELEASE 22 January 2010 at 07.00 GMT Stora Enso will record non-recurring items (NRI) with a negative impact of approximately EUR 42 million on operating profit, including a EUR 20 million future cash impact, in its fourth quarter 2009 results. The NRIs will have a beneficial impact of approximately EUR 12 million on tax. The impact of the NRIs on earnings per share will be negative EUR 0.04. The NRI are: - negative NRI of EUR 30 million related to the penalty imposed by the Finnish Market Court for collaboration and exchange of information with other forest products companies concerning prices for purchasing roundwood in Finland from 1997 to 2004 as announced on 3 December 2009; - impairment charge of approximately EUR 26 million in the Magazine Paper segment related to fixed asset impairment testing undertaken during the fourth quarter of 2009; - negative NRI of approximately EUR 15 million related to permanent impairment of certain Pohjolan Voima's (PVO) subsidiary shares; - positive NRI of approximately EUR 19 million related to the disposal of Stora Enso Uruguay S.A upon the creation of Montes del Plata joint venture between Stora Enso and Arauco and Stora Enso's share of negative goodwill recognised in connection with the joint acquisition of Grupo ENCE's assets in Uruguay. The amount is subject to finalisation of the fair valuation process; - positive NRI of approximately EUR 10 million of restructuring provision released following the decision to restart production at Sunila Pulp Mill, as announced on 30 November 2009. Stora Enso's annual depreciation will be about EUR 500 million after these impairment charges. Allocation of NRI between segments -------------------------------------------------------------------------------- | NRI | Segment | EUR million | -------------------------------------------------------------------------------- | Fixed asset | Magazine Paper | -26 | | impairment test | | | -------------------------------------------------------------------------------- | Sunila | Magazine Paper | 10 | -------------------------------------------------------------------------------- | | Magazine Paper Total | -16 | -------------------------------------------------------------------------------- | PVO shares | Other | -15 | -------------------------------------------------------------------------------- | Market Court penalty | Other | -30 | -------------------------------------------------------------------------------- | Uruguay | Other | 19 | -------------------------------------------------------------------------------- | | Other Total | -26 | -------------------------------------------------------------------------------- | Group Total | | -42 | -------------------------------------------------------------------------------- The Group's financial results for the fourth quarter and full year 2009 will be published on 4 February 2010 at 9.00 Finnish time (8.00 CET). For further information, please contact: Markus Rauramo, CFO, tel. +358 2046 21452 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 and the FTSE4Good 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