SOURCE: Stora Enso Oyj

January 07, 2008 07:37 ET

Stora Enso seeks to terminate registration of its securities under Section 12(g) of the US Securities Exchange Act of 1934 (the "Exchange Act") and terminate its reporting obligations under Section 13(a) and Section 15(d) of the Exchange Act

Stora Enso Oyj News Release January 7, 2008 at 12.30 GMT

HELSINKI, FINLAND--(Marketwire - January 7, 2008) - Stora Enso Oyj News Release January 7, 2008 at 12.30 GMT

HELSINKI, Finland - Stora Enso (OTC: SEOAY) today announced that Pursuant to the decision of Stora Enso's Board of Directors on 7 December 2007 to delist Stora Enso's American Depositary Receipts (ADRs) from the New York Stock Exchange and deregister and terminate its reporting obligations under the US Securities Exchange Act of 1934 (Exchange Act) for both its ADRs and its registered debt securities, on 7 January 2008 Stora Enso filed a Form 15F with the Securities and Exchange Commission (SEC) to deregister and terminate such reporting obligations. The deregistration and termination of reporting obligations is expected to take effect in April 2008. In addition, on 19 December 2007 Stora Enso filed a Form 25 with the SEC, pursuant to which the last day of trading of Stora Enso's ADRs on the New York Stock Exchange was 28 December 2007. Following the delisting, Stora Enso is maintaining an ADR facility, and its ADRs are traded over-the-counter (OTC) in the USA in the International OTCQX. Stora Enso's ordinary shares will continue to trade on the OMX Nordic Exchanges in Helsinki and Stockholm. This notice is being published pursuant to the requirements of Rule 12h-6(h) of the Exchange Act in order to alert US investors who have purchased Stora Enso's ADRs about Stora Enso's intended exit from the Exchange Act registration and reporting system.

Upon the filing of Form 15F, Stora Enso's reporting obligations under the Exchange Act are immediately suspended and the deregistration will become effective 90 days later unless Form 15F is withdrawn by Stora Enso before then or the SEC delays the deregistration process. Stora Enso reserves the right to withdraw the Form 15F for any reason prior to its effectiveness.

Stora Enso will continue to publish its Annual Report and Accounts and other documents and communications in accordance with Exchange Act Rule 12g3-2(b) in English on its website

For further information, please contact:
Hannu Ryöppönen, Deputy CEO and CFO, tel. + +44 20 7016 3114
Kari Vainio, EVP, Corporate Communications, tel. +44 7799 348 197
Keith B. Russell, SVP, Investor Relations, tel. +44 7775 788659
Ulla Paajanen-Sainio, Vice President, Investor Relations and
Financial Communications,
tel. +358 40 763 8767

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