SOURCE: Stora Enso Oyj

April 11, 2006 02:30 ET

Stora Enso announces final results of Exchange Offer

Stora Enso Oyj News Release April 11, 2006 at 06:30 GMT

HELSINKI, FINLAND -- (MARKET WIRE) -- April 11, 2006 --

HELSINKI, Finland - Stora Enso (NYSE: SEO) today announced that Stora Enso Oyj announced the final results of its previously announced exchange offer for its 7.375% notes due 2011 (CUSIP No. 86210MAA4; ISIN No. US86210MAA45) (the "old notes"). The offers commenced on 14 March 2006, and expired at midnight, New York City time, on 10 April 2006. USD 281 229 000 in principal amount of its old notes (approximately 37.50%) had been validly tendered, and may no longer be withdrawn. At settlement (scheduled for 13 April 2006), Stora Enso will deliver to participating holders the new 6.404% notes due 2016 (CUSIP No. 86210MAB2 and X8662DAV9) (the "new notes"). In addition, holders of notes accepted in the exchange will receive accrued and unpaid interest up to but not including the settlement date and cash in lieu of fractional par amount of new notes, if any.

The new notes have not been and will not be registered with the US Securities and Exchange Commission under the US Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from the registration requirements of the Securities Act. Restrictions may apply in other jurisdictions, see the Exchange Offering Memorandum, dated 14 March 2006, for details.

For further information, please contact:
Tim Laatsch, Senior Vice President, Communications
Stora Enso North America,
tel. 715 422 4023

Stora Enso is an integrated paper, packaging, and forest products company, producing publication and fine paper, packaging board, and wood products - all areas in which the Group is a global market leader. Stora Enso's sales totalled EUR 13.2 billion in 2005. The Group has some 46 000 employees in more than 40 countries on five continents. Stora Enso has an annual production capacity of 16.9 million tonnes of paper and board and 7.7 million cubic metres of sawn wood products, including 3.3 million cubic metres of value- added products. Stora Enso's shares are listed in Helsinki, Stockholm, and New York.

Stora Enso Oyj
Kanavaranta 1
FIN-00160 HELSINKI, Finland
Tel. +358 2046 131
Business ID 1039050-8

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