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