Stora Enso Key Facts 1 Stora Enso in brief Stora Enso is a leading global provider of renewable solutions in packaging, biomaterials, wood and paper. 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 pulp Sawing and further processing Paper Sawing Further processing Finland Sweden Brazil Uruguay Poland Board Austria Finland Czech Republic Sweden Estonia Russia Finland Sweden Germany Latvia Lithuania Poland China 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 Solidium 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 Nordea 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 8 .