SOURCE: Stora Enso Oyj

July 31, 2006 09:10 ET

Stora Enso Finalises the Divestment of Pankakoski Mill

HELSINKI, FINLAND -- (MARKET WIRE) -- July 31, 2006 -- Stora Enso Oyj News Release July 31, 2006 at 12:45 GMT

Stora Enso (NYSE: SEO) today announced that Stora Enso has finalised the divestment of the Pankakoski Mill in Finland to an international group of investors led by Dr Dermot Smurfit and including Lansdowne Capital Limited according to the previous announcement from 21 July 2006.

Pankakoski Board Mill was divested as part of Stora Enso's Asset Performance Review (APR), which aims to secure a competitive European production base.

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

Previous press releases concerning Pankakoski Mill and the APR available at - 27 October 2005: Stora Enso creates platform for stronger financial performance - 21 July 2006: Stora Enso sells its Pankakoski Mill to a group of private investors - 26 July 2006: Stora Enso's Profit 2007 programme ahead of schedule

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