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Stora Enso Investing in Kotka Mill.

Business Editors

STOCKHOLM, Sweden--(BUSINESS WIRE)--June 16, 2000

Stora Enso's subsidiary, Laminating Papers Oy, is investing in its Kotka Mill. The saturating base kraft capacity of PM1 and the pulp mill will both be increased from 135,000 t/a to 160,000 t/a at a cost of EUR

27 million. The project will be completed by October 2001. This investment will enhance Laminating Papers' competitiveness.

Laminating Papers Oy, a subsidiary of Stora Enso Oyj, is part of the Stora Enso Packaging Boards Division. It is the leading producer of laminating papers in Europe.

Stora Enso Oyj, one of the world's leading forest products companies, is listed on the Helsinki and Stockholm stock exchanges. Stora Enso focuses on the production of magazine papers, newsprint, fine papers and packaging board. The Group holds a leading global position in these product areas. Stora Enso also conducts extensive sawmilling operations. Stora Enso has annual sales of approximately EUR 10.5 billion, with some 40,000 employees in more than 40 countries.

Please visit http://www.bit.se for further information.

The following files are available for download: http://www.bit.se/bitonline/2000/06/16/20000616BIT00460/bit0001.doc http://www.bit.se/bitonline/2000/06/16/20000616BIT00460/bit0002.pdf

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