Stora Enso Key Facts

1 Stora Enso in brief

Stora Enso is a leading global provider of renewable solutions in packaging, biomaterials, wood and . Our aim is to replace non- renewable materials by innovating and developing new products and services based on wood and other renewable materials.

• Approximately 27 000 employees worldwide • Sales 2014 EUR 10.2 billion

2 Key figures

% Change EUR million 2014 2013 2014/2013

Sales 10 213 10 563 -3.3% Operational EBITDA 1 269 1 090 16.4% Operational EBIT 810 578 40.1% Profit before tax, excl. NRI 399 350 14.0% Earnings per share, excl. NRI (EUR) 0.40 0.40 Operational ROCE (%) 9.5% 6.5%

Cash flow from operations 1 139 1 252 -9.0% Cash flow after investing activities 255 481 -47.0% Debt/equity 0.65 0.61

3 Stora Enso’s strategy

Stora Enso is transforming into a renewable materials growth company.

4 Production capacities 2015

Chemical Sawing and further processing

Paper Sawing

Further processing

Finland Sweden Poland

Board Austria Czech Republic Sweden Estonia Russia Finland Sweden Germany Latvia Lithuania Poland Brazil Belgium

Finland Sweden Spain Poland 5 Ownership distribution – by voting power 31 December 2014

16 % 21 % TOP 10 Shareholders 1 % 1 FAM AB 2 Oy 3 % 3 Social Insurance Institution of Finland 4 Varma Mutual Pension Insurance Company 27 % 5 MP-Bolagen i Vetlanda AB (Werner von Seydlitz) 6 Ilmarinen Mutual Pension Insurance Company 25 % 7 Erik Johan Ljungberg’s Education Foundation 8 Investment Funds 5 % 9 Swedbank Robur Funds 2 % Finnish Institutions Solidium Oy *) 10 Bergslaget's Healthcare Foundation Finnish private shareholders Swedish institutions FAM AB Swedish private shareholders ADRs Under nominee names (non-Finnish/ non-Swedish shareholders)

*) Entirely owned by the Finnish State

6 Group Leadership Team

CEO

Karl-Henrik Sundström

Global Ethics and Compliance, CFO General Counsel

Seppo Parvi Per Lyrvall

Global People and Global Communications Organisation

Ulrika Lilja Lars Häggström

Global Responsibility Sourcing

Terhi Koipijärvi* Johanna Hagelberg

Consumer Board Packaging Biomaterials Wood Products Paper Director** Solutions Jari Latvanen NN Juan Carlos Bueno Jari Suominen Kati ter Horst Juha Vanhainen

*Acting member of GLT. As announced on 18 December 2014, Noel Morrin has been appointed as EVP, Global Responsibility, and a member of the Group Leadership Team as of 1 April 2015. **Energy, Logistics and Wood Supply operations in Finland and Sweden

Stora Enso 05/02/2015 7 Board of Directors proposed for re-election

Gunnar Brock Juha Rantanen Anne Brunila Elisabet Fleuriot since March 2005 since March 2008 since April 2013 since April 2013 Chairman Vice chairman

Hock Goh Mikael Mäkinen Richard Nilsson Hans Stråberg since April 2012 since March 2010 since April 2014 since April 2009

All Board members, excluding Richard Nilsson, are independent of the Company and the significant shareholders. Richard Nilsson is not independent of significant shareholders of the Company

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