SOURCE: Stora Enso Oyj

April 11, 2006 02:01 ET

Stora Enso successfully priced its USD 10-year and USD 30-year bond offering

Stora Enso Oyj News Release April 11, 2006 at 06:00 GMT

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

HELSINKI, Finland - Stora Enso (NYSE: SEO) today announced that Stora Enso Oyj priced yesterday the offering of additional notes due 2016 (the "additional notes") and new 30-year notes (the "longer dated notes") due 2036. The offering follows an extensive roadshow in relation to the Exchange Offer launched on 14 March that was successfully priced on 6 April.

The maturity of the USD 207 938 000 additional 10-year notes is 15 April 2016 and fully fungible with the recently priced new notes from the Exchange Offer. As a result, the additional notes and the new notes will have an aggregate principal amount of USD 507 928 000. The issue was priced at US Treasuries + 150 bps and pays a coupon of 6.404 %.

The maturity of the USD 300 000 000 30-year notes is 15 April 2036. The issue was priced at US Treasuries + 220 bps and pays a coupon of 7.250%.

The proceeds of the offering will be used to repay short-term debt and for general corporate purposes.

The additional 6.404% notes and the 7.250% notes due 2036 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 Offering Memorandum dated 10 April 2006 for details.

For further information, please contact:
Tim Laatsch, Senior Vice President, Communications, Stora Enso North
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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