11.06.04

11.6.2004: Meldung: Stora Enso Oyj: competition authority investigations

Stora Enso takes action to respond to the competition authority investigations

Stora Enso Oyj Stock Exchange Release 10 June 2004 at 09:00 GMT

Following the inspections carried out at its locations in Europe and receipt of the subpoenas in the USA, Stora Enso is taking steps to respond to the investigations. The Group has appointed the law firms of Van Bael & Bellis in Brussels and Sivenius & Suvanto in Helsinki to review the documents given to the European Commission and the Finnish Competition Authority. In the USA, the law firm McDermott, Will & Emery is assisting the Group in preparing the responses to the authorities.

"Stora Enso has had a longstanding competition compliance policy and the organisation has been trained for implementing it. Therefore, Stora Enso is treating these issues seriously," says CEO Jukka Härmälä.

The investigations in both Europe and the USA are at a preliminary stage and no legal proceedings have been initiated charging the Group or any of its employees with unlawful conduct.


Contact persons at Stora Enso:
Kari Vainio, Executive Vice President, Corporate Communications, tel. +44 7799 348 197
Per Lyrvall, Legal Counsel, tel. +46 23 78 26 87
Keith Russell, Senior Vice President, Investor Relations, tel. +44 20 7016 3146

www.storaenso.com



Stora Enso is an integrated paper, packaging and forest products company producing publication and fine papers, packaging boards and wood products, areas in which the Group is a global market leader. Stora Enso sales totalled EUR 12.2 billion in 2003. The Group has some 44 000 employees in more than 40 countries in five continents and about 15.7 million tonnes of paper and board annual production capacity and 7.4 million m3 of sawn wood products, including 2.8 million m3 of value-added products. Stora Enso"s shares are listed in Helsinki, Stockholm and New York.

Kanavaranta 1 00160 Helsinki, Finland P.O. Box 309 FIN-00101 Helsinki, Finland Tel.: +358 2046 131 Fax: +358 2046 21471

www.storaenso.com
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