Stora Enso sells shares in Billerud

Stora Enso has today sold most of its share holding in Billerud AB in a
secondary market transaction. 18 522 300 shares were sold for a total
amount (after fees and expenses) of EUR 182 million, which represents
29.5 percent of the share capital and votes in Billerud AB. The sale of
shares will result in a capital gain of EUR 77 million to be realised in
2Q 2002.

After the completion of sale Stora Enso will own a total of 300 000
shares in Billerud AB, which represents 0.5 percent of the share capital
and votes in Billerud AB.

For further information please contact:
Esko Mäkeläinen, Senior Executive Vice President, CFO, tel.
+44 208 432 1545

Keith Russell, Senior Vice President, Investor Relations, tel.
+44 208 432 1552

Kari Vainio, Executive Vice President, Corporate Communications,
tel +44 77 9934 8197

Stora Enso

Stora Enso is an integrated paper, packaging and forest products company producing newsprint, magazine paper, fine paper, consumer board, industrial packaging and wood products. Stora Enso’s sales totalled EUR 11.8 bill...

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