SOURCE: Stora Enso Oyj

November 30, 2006 02:01 ET

Stora Enso has sold its shareholding in Finnlines Plc

HELSINKI, FINLAND -- (MARKET WIRE) -- November 30, 2006 -- Stora Enso Oyj News Release November 30, 2006 at 7.00 GMT

HELSINKI, Finland - Stora Enso Oyj (NYSE: SEO) today announced that it has sold all its 2 209 340 shares in Finnlines Plc for EUR 35 million. The shares represent 5.43% of the total number of outstanding shares in Finnlines.

Stora Enso will record a capital gain of EUR 33 million as a non-recurring financial item in its fourth quarter 2006 results.

The shareholding in Finnlines Plc has been a non-core financial investment. The sale is consistent with Stora Enso's objective of concentrating its capital resources on its core businesses.

For further information, please contact:
Hannu Ryöppönen, CFO, tel. +44 20 7016 3114
Keith B Russell, SVP, Investor Relations, tel. +44 7775 788 659
Tim Laatsch, Senior Vice President, Communications, Stora Enso North
America, tel. 715 422 4023

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