Annual General Meeting (AGM)

The AGM of Stora Enso Oyj will be held at 16.00. (Finnish time) on Tuesday 22 March 2005 at Finlandia Hall, Mannerheimintie 13 e, Helsinki, Finland.

Nominee-registered shareholders wishing to attend and vote at the AGM must be temporarily registered in the share register of Stora Enso Oyj on the record date, 11 March 2005. Instructions for submitting notice of attendance will be given in the convocation to the AGM, which will be sent to shareholders, and on the Company’s website at www.storaenso.com/investors.

Main proposals of the Board of Directors to the AGM

• The share capital of the Company be reduced through the cancellation of repurchased shares.
• The Board of Directors be authorised to repurchase and dispose of shares in the Company.
• Appointment of Nomination Committee

Payment of dividend

The Board of Directors will propose to the AGM that a dividend of EUR 0.45 per share be paid for the fiscal year ending 31 December 2004.

Dividends payable on 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.