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Stora Enso's Nomination Board Appointed

/ Source: GlobeNewswire

HELSINKI, Finland, Oct. 18, 2010 (GLOBE NEWSWIRE) -- STORA ENSO OYJ STOCK EXCHANGE RELEASE 18 October 2010 at 9.00 EET

Stora Enso's Annual General Meeting (AGM) on 31 March 2010 decided to appoint a Nomination Board to prepare proposals concerning (a) the number of members of the Board of Directors, (b) the members of the Board of Directors, (c) the remuneration for the Chairman, Vice Chairman and members of the Board of Directors and (d) the remuneration for the Chairman and members of the committees of the Board of Directors. The Nomination Board shall consist of four members: the Chairman of the Board of Directors, the Vice Chairman of the Board of Directors and two members appointed by the two largest shareholders (one each) according to the register of shareholders on 30 September 2010.

Stora Enso's Nomination Board has now been appointed. The composition of the Nomination Board is as follows: Gunnar Brock (Chairman of the Board of Directors), Juha Rantanen (Vice Chairman of the Board of Directors), Marcus Wallenberg (appointed by shareholder Foundation Asset Management) and Keijo Suila (appointed by shareholder Solidium). Keijo Suila is the Chairman of the Nomination Board.

For further information, please contact:

Ulla Paajanen-Sainio, Head of Investor Relations, tel. +358 2046 21242

Stora Enso is a global paper, packaging and wood products company producing newsprint and book paper, magazine paper, fine paper, consumer board, industrial packaging and wood products. The Group is the world leader in forest industry sustainability. We offer our customers solutions based on renewable raw materials. Our products provide a climate-friendly alternative to many non-renewable materials, and have a smaller carbon footprint. Stora Enso is listed in the Dow Jones Sustainability Index and the FTSE4Good Index. Stora Enso employs some 27 000 people worldwide, and our sales in 2009 amounted to EUR 8.9 billion. Stora Enso shares are listed on NASDAQ OMX Helsinki (STEAV, STERV) and Stockholm (STE A, STE R). In addition, the shares are traded in the USA as ADRs (SEOAY) in the International OTCQX over-the-counter market.