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Stora Enso Oyj - Notice to Convene Annual General Meeting

HELSINKI, Finland, February 13 PRNewswire-FirstCall — Stora Enso's Board has in its meeting decided that the Annual General Meeting (AGM) will be held in Helsinki on Wednesday 26 March 2008. The Board has proposed the following:

Matters to be resolved by the AGM pursuant to Article 14 of the Articles of Association of the Company

Adoption of the financial statement of the parent company and the consolidated financial statement

Disposal of the profit of the year and distribution of dividend The Board of Directors has decided to propose to the AGM that the Company distributes a dividend of EUR 0.45 per share for the year 2007.

Payment of dividend The dividend shall be paid to shareholders that on the dividend record date are registered in the register of shareholders maintained by the Finnish Central Securities Depository or in the separate register of shareholders maintained by VPC for VPC-registered shares. Dividends payable for VPC registered shares will be forwarded by VPC and paid in Swedish krona. Dividends payable to ADR holders will be forwarded by Deutsche Bank Trust Company Americas and paid in US dollars.

The Board of Directors has determined that the dividend record date shall be 31 March 2008. The Board of Directors proposes to the AGM that the dividend payment be issued by the Company on 10 April 2008.

Resolution concerning discharge of the members of the Board of Directors and the Managing Director from liability

Number of members of the Board of Directors The Nomination Committee proposes to the AGM that the Board of Directors shall have nine (9) members.

Number of Auditors The Board of Directors proposes to the AGM that the number of auditors be one (1).

Remuneration of the members of the Board of Directors The Nomination Committee proposes to the AGM that the annual remuneration for the members of the Board of Directors be as follows:

Chairman EUR 135 000 Deputy Chairman EUR 85 000 Members EUR 60 000

The Nomination Committee also proposes that 40 % of the remuneration shall be paid in Stora Enso Series R-shares purchased from the market.

In addition, annual remuneration shall be paid to members of the Board Committees as follows:

Financial and Audit Committee Chairman EUR 20 000 Member EUR 14 000 Compensation Committee Chairman EUR 10 000 Member EUR 6 000

Remuneration shall be paid only to non-executive Board members.

Remuneration for the auditors The Board of Directors proposes to the AGM that remuneration for the auditors be paid according to invoice until the end of the following AGM.

Election of the members of the Board of Directors The Nomination Committee proposes to the AGM that the present Board members Gunnar Brock, Claes Dahlback, Dominique Heriard Dubreuil, Birgitta Kantola, Ilkka Niemi, Jan Sjoqvist, Matti Vuoria and Marcus Wallenberg be re-elected to continue in their office and that Juha Rantanen be elected as a new member to serve until the end of the following AGM.

Election of Auditors The Board of Directors proposes to the AGM that following the competitive tenders Authorised Public Accountants Deloitte & Touche Oy be elected to act as auditor of the Company until the end of the following AGM.

Other Matters

Appointment of Nomination Committee The Nomination Committee proposes that the AGM appoint a Nomination Committee to prepare proposals concerning (a) the number of members of the Board of Directors, (b) the members of the Board of Directors, (c) the remuneration for the Chairman, Vice Chairman and members of the Board of Directors and (d) the remuneration for the Chairman and members of the committees of the Board of Directors. The Nomination Committee shall consist of four members: the Chairman of the Board of Directors the Vice Chairman of the Board of Directors two members appointed by the two largest shareholders (one each) according to the register of shareholders on 1 October 2008.

The Chairman of the Board of Directors shall convene the Nomination Committee and before 31 January 2009 the Nomination Committee shall present its proposals for the AGM to be held in 2009. The member of the Board of Directors may not be appointed as Chairman of the Nomination Committee. Annual remuneration of EUR 3 000 shall be paid to a member of the Nomination Committee who is not a member of the Board of Directors. Amendment to the Articles of Association The Board of Directors proposes to the AGM that the articles of association will be amended by reducing the number of the Auditors to one entity which shall be Certified Public Account Firm approved by Finnish Central Chamber of Commerce, by removing references to minimum and maximum capital and maximum number of shares and by revising the matters to be included on the agenda of the Annual General Meeting. Furthermore, minor changes of technical nature are proposed to be made to the Articles of Association.

CEO's report on restructuring In connection to CEO's report, CEO Jouko Karvinen shall give a presentation on the restructurings including closures of Summa magazine mill, Anjala paper machine 1 and Kemijarvi pulp mill, plan for Norrsundet pulp mill and other personnel reorganisations.

Documents for the AGM The financial statements for 2007 as well as other relevant documents related to the matters to be dealt with at the AGM may be viewed on the Company's website at www.storaenso.com/investors at the latest from 12 March 2008. Copies of the documents will be sent to shareholders upon request.

The Annual Report may be viewed at http://www.storaenso.com/investors from 12 March 2008.

Right of attendance Entitled to attend and vote at the AGM are those shareholders that on the record date, 14 March 2008, are registered as shareholders in Stora Enso's shareholder register. The register is maintained by the Finnish Central Securities Depository. Nominee-registered shares must be temporarily registered in the shareholder register as described below.

Notice of attendance

All shareholders that intend to attend the AGM must submit a notice of attendance to the head office of the Company in one of the following manners:

by telephone: +358-2046-21245 +358-2046-21224 +358-2046-21210 +358-2046-21327 by fax: +358-2046-21359 by letter: Stora Enso Oyj Legal Department Box 309 FI-00101 Helsinki through the Internet

http://www.storaenso.com/agm

Notice must be submitted on or before Tuesday 18 March 2008 at 12 a.m. Finnish time. Temporary registration made through VPC is regarded as a notice of attendance.

Proxies Shareholders wishing to attend and vote at the AGM through a proxy shall submit their power of attorney to the Company when giving notice of attendance in the manner set out above.

Temporary registration in the shareholder register

Shares registered in VPC Shareholders whose shares are registered in the register of shareholders maintained by VPC and who intend to attend and vote at the AGM must contact VPC and request temporary registration in Stora Enso's shareholder register. Such request shall be submitted in writing to VPC before Friday 14 March 2008 at 12 a.m. Swedish time.

Temporary registration made through VPC is regarded as a notice of attendance.

ADR holders ADR holders intending to vote at the AGM shall notify the depositary bank, Deutsche Bank Trust Company Americas, of their intention and shall comply with the instructions provided by Deutsche Bank Trust Company Americas to each ADR holder.

Other nominee-registered shares Holders of nominee-registered shares intending to attend and vote at the AGM shall notify their nominee of their intention and shall comply with the instructions provided by the nominee.

Appendix

Juha Rantanen, born 1952, Finnish citizen, is the CEO and President of the Outokumpu Group. He has extensive experience of leading international business management and Finnish industry. He has also previous experience from board level work. Earlier he has held the position of the CEO and President of the Ahlstrom Corporation and Borealis A/S. Currently he holds following positions of trust: Vice Chairman of the Board of Moventas, member of the Trilateral Commission (Europe), member of the Nomination Committee of Confederation of Finnish Industries EK, member of the Board of Association of Finnish Steel and Metal Producers, Vice President of European Confederation of Iron and Steel Industries Eurofer, member of the Board and Chairman of the Nomination Committee of Technology Industries of Finland, Chairman of the Board of Finpro Association and member of the Supervisory Board of Varma Mutual Pension Insurance Company.

He has a Master of Science Degree in Economics from Helsinki School of Economics and a Master of Business Administration from International Management Institute, Geneva.

An image bank of pictures that may be freely used to illustrate articles about Stora Enso is available at http://bmt.storaenso.com. Please, copy and paste the link into your web browser and follow the path: Images > Corporate > People > Management > Juha Rantanen

Stora Enso Media Contact: Ulla Paajanen-Sainio tel: +358-20-46-21242

SOURCE Stora Enso

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