Stora Enso's non-recurring items in second quarter 2007

Stora Enso Oyj Stock Exchange Release 13 July 2007 at 06.00 GMT Stora Enso will record two non-recurring items with a total positive net effect of EUR 12.8 million on operating profit in its second quarter 2007 results. The non-recurring items had a positive tax impact of EUR 6.0 million and increased earnings per share by EUR 0.02. The non-recurring items are: - A capital gain, net of provisions, of EUR 24.4 million from the sale of warehouses and office properties in Sweden and Denmark by Stora Enso's Papyrus paper merchant. The cash proceeds, net of provisions, were EUR 50 million. - A non-cash actuarial valuation adjustment of USD -14.6 (EUR -11.6) million related to the previously announced non-recurring gain of USD 57.7 (EUR 44.0) million in the first quarter of 2007 due to labour agreements in the USA. The adjustment arises from pension and retiree health actuarial valuations and severance costs related to the last group of contract settlements for the maintenance groups. Net impacts on operating profit by segment are: Publication Paper EUR -3.0 million Fine Paper and Merchants EUR 19.2 million Packaging Boards EUR -1.0 million Other EUR -2.4 million Total EUR 12.8 million The Group's financial results for the second quarter of 2007 will be announced on 26 July 2007 at 13.00 Finnish time (12.00 CET). For further information, please contact: Hannu Ryöppönen, CFO, tel. +44 20 7016 3114 Keith B Russell, Senior Vice President, Investor Relations, tel. +44 7775 788659 Ulla Paajanen-Sainio, VP, Investor Relations and Financial Communications, tel. +358 40 763 8767 www.storaenso.com www.storaenso.com/investors STORA ENSO OYJ p.p. Leena Bergqvist Jukka Marttila