Company Presentation

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Company Presentation
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Stora Enso in Brief

• Stora Enso is an integrated paper, packaging and
  forest products company producing publication and
  fine papers, packaging boards and wood products,
  areas in which the Group is a global market
  leader.

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Stora Enso in Brief
Paper
Forest Products
Packaging Boards

• A world leader
• 15.7 million tonnes of paper and board
• 7.4 million m3 of sawn and processed wood
  products
• Three core product areas
• Paper, Packaging Boards and Forest Products
• Sales EUR 12.2 billion
• Approximately 44 000 employees in 40 countries
• Market capitalisation EUR 9.1 billion
• Shares listed on Helsinki, Stockholm and New York
  stock exchanges

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Mission, Vision and Values
Mission

• We promote communication and well-being of
  people by turning renewable fibre into paper,
  packaging and processed wood products
• We will be the leading forest products company
  in the world
• We take the lead in developing the industry
• Customers choose us for the value we create for
  them
• We attract investors for the value we create
• Our employees are proud to work with us
• We are an attractive partner for our suppliers
• Customer focus - We are the customers first
  choice
• Performance - We deliver results
• Responsibility - We comply with principles of
  sustainable development
• Emphasis on people - Motivated people create
  success
• Focus on future - We take the first step

Vision
Values
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Major Structural Changes
2004 Divestment of Swedish forests
2002 Sylvester acquisition, Timber
2002 Divestment of Finnish forests
2001 Pulp division dissolved
2000 Close down of Newton Kyme mill, packaging
2000 Gruvön mill Billerud
2000 Consolidated Papers Inc. acquisition
2000 Sale of power assets outside mill
1999 Sale of various non-core assets
office buildings, shipping line etc.
1999 Sale of Dalum mill, fine papers
1999 Sale of Tervakoski mill, speciality papers
1999 Sale of technical office papers
1998 Stora Enso merger
1998 Schweighofer acquisition
1997 Holtzmann acquisition
1998 Suzhou acquisition
1995-6 Veitsiluoto acquisition
1990 Feldmühle acquisition
1993 Sale of Eurocan
1987 Papyrusacquisition
1993 TampellaForest acquisition
1990 Sale of Veneerindustry
1990 Soustre,acquisition
1986 Kopparkraftsales and leaseback
1986 Tervakoski,Kitee acquisition
1987 Ahlström,Varkaus Mills
1984 Billerud acquisition
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Packaging Boards Mills
Packaging Boards Mills
Kristiinankaupunki
Pori
Ruovesi
Mohed
Hammarby
Varkaus
Fors
Pankakoski
Uimaharju
Vikingstad
Imatra
Jönköping
WisconsinRapids
Kotka
Skoghall
Hangzhou
Ingerois
Forshaga
Karhula
Pasir Gudang
Loviisa
Bäckefors
Newcastle
Göteborg
Balabanovo
Skene
Heinola
Bolton
Arzamas
Lahti
Milton Keynes
Edam
Lübeck
Krefeld
Jülich
Tartu
Tallinn
Baienfurt
Saint-Seurin-Sur-LIsle
Saint-Seurin-Sur-LIsle
Riga
Páty
Klaipeda
Kaunas
Packaging Boards Pulp in bales
Tolosa
Barcelona
Valencia
Cordoba
Lamia
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Towards superior performance

• Company strategy Stora Enso wants to achieve
  operational excellence, superior performance and
  image in sustainability
• Mission Our products promote well-being
• Vision We take the lead
• Values Responsibility
• Policy Code of Ethics Environmental and Social
  Responsibility
• CSR Principles
• Environmental Principles
• Code of Ethics Provides links to all relevant
  policies and principles

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Sustainability Indexes

• Dow Jones Sustainability Index
• Tracks the performance of leadingsustainability-d
  riven companies worldwide
• Stora Enso has been included since thelaunch in
  1999 (six times now)
• FTSE4Good index
• Index series for socially responsible investors
• Assesses achievements in
• upholding and supporting universalhuman rights
• developing positive relationships with
  stakeholders
• working towards environmental sustainability

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Leading Producersof Paper and Board, October 2004
Capacity in 1 000 tonnes
Source Jaakko Pöyry Consulting
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StoraEnso Packaging in Russia
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Corrugated market in Russia 1995-2010
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M2 / Region
North-West 240,1 Mln m2 15,3
Volga East 265,4 Mln m2 16,9
Central 576,7 Mln m2 36,8
Other 335,5 Mln m2 21,4
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History
Dec 04 Arzamas extension
1Q 2004 Arzamas start-up
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Stora Enso Packaging
SEPack in Russia
MEUR 90
Investment
220 million m2
Production
300
Personnel
End of 1998 Balabanovo 1Q- 2004 Arzamas
Start
Personnel
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Why Kaluga region?
Market Proximity to Moscow Authorities Active
support on all levels Personnel High potential
human resources
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Information as it happens www.storaenso.com www.s
toraenso.com/investors