SOURCE: Stora Enso Oyj

May 12, 2006 11:02 ET

Strike Halts Production at Stora Enso's Finnish Mills

Stora Enso Oyj News Release May 12, 2006 at 14:45 GMT

HELSINKI, FINLAND -- (MARKET WIRE) -- May 12, 2006 -- Stora Enso (NYSE: SEO) today announced that all Stora Enso's Finnish production units (excluding Pankakoski Mill) are being temporarily shut down due to a strike throughout the Finnish paper industry. The strike by the Finnish Paper Workers' Union is in protest against personnel reductions. The strike will begin at 6.00 am (Finnish time) on Monday 15 May and will last until 6.00 am 17 May.

The strike is estimated to cost Stora Enso about EUR 9 million in lost operating profit including shutting down and starting up and some 33 000 tonnes of lost production.

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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