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Reorganisation of Stora Enso Finance and Strategy staff function

Stora Enso Oyj News Release March 13, 2006 at 12:00 GMT

HELSINKI, Finland - Stora Enso (NYSE: SEO) today announced that Stora Enso's Finance and Strategy staff function, headed by Hannu Ryöppönen, CFO, has been reorganised with effect from 1 March 2006. The main objective of the new organisation is to further focus and develop business analytical resources and specialised competencies at Group level.

A new function, Group Business Analysis and Controlling, has been formed headed by Jouni Seppälä, Senior Vice President, Business Analysis and Controlling. The main duties of the new function are Group-level business controlling and analysis; budgeting and forecasting; management of the Profit 2007 and Asset Performance Review profit improvement projects; strategy process support and Investment Committee participation. Jouni Seppälä will be based in Helsinki.

The Group Accounting and Reporting function headed by Jussi Siitonen, Senior Vice President and Chief Accounting Officer, undertakes Stora Enso's Group reporting. The main duties of the function are controlling of accounting and financial reporting at Group level and country level; setting accounting and reporting standards and policies to comply with both professional (IFRS and US GAAP) and corporate internal reporting requirements; and performing monthly, quarterly and annual closings and reports. Jussi Siitonen, who will also be a member of Stora Enso's Disclosure Committee, will be based in Helsinki.

A new function, Group Risk Management and Financial Platform, has been established headed by Bo Eriksson, Senior Vice President, Risk Management and Financial Platform. It is responsible for enterprise risk management; credit management; global financial shared services; Stora Enso Administrative Application Platform and Sarbanes-Oxley Act compliance implementation. Bo Eriksson continues to be a member of Stora Enso's Disclosure Committee and will be based in Stockholm.

Markus Rauramo, Senior Vice President, Group Treasurer, continues to lead Stora Enso's Financial Services. The Corporate Finance function based in London and headed by Anders Bergkvist, Vice President, Corporate Finance, has been added to Financial Services with the following tasks: mergers and acquisitions and divestment management; structured and project finance and new growth markets finance. In addition back office will become part of Financial Services. Markus Rauramo continues to be based in London. As previously announced, a major part of the Financial Services (Treasury) operations will be moved from London to Helsinki.

The Group Strategy function will be headed by Antti Jääskeläinen, Senior Vice President, Group Strategy. Its tasks are Group strategy development; top management decision-making support; Group portfolio and structural development. Antti Jääskeläinen will be based in Helsinki.

Risto Suuraho, head of Internal Audit, will retire on 1 June 2006. He will be succeeded as Senior Vice President and head of Internal Audit by Ville Hietalahti, who will be based in Helsinki.

The following functions remain part of Finance and Strategy:

- Group Legal Services, headed by Jyrki Kurkinen, Senior Vice
President, General Counsel, based in Helsinki
- Group Tax Services, headed by Karin Lagerkvist, Vice President,
based in Stockholm
- Investor Relations, headed by Keith Russell, Senior Vice President,
based in London
- Investment Process, headed by Magnus Diesen, Executive Vice
President, based in London
- Business Intelligence and Corporate Affairs, headed by Seppo
Suuronen, Vice President, based in Helsinki

For further information, please contact:
Tim Laatsch, Senior Vice President, Communications, Stora Enso North
America,
tel. 715 422 4023

www.storaenso.com
www.storaenso.com/investors

Copy the following link to your browser to see the updated organisation chart: http://www.storaenso.com/CDAvgn/main/0,,1_-6508-15067-,00.html

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

Business ID 1039050-8

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