Stora Enso Oyj Stock Exchange Release 28 September 2007 at 07.00 GMT
 
    HELSINKI, Finland, Sept. 29 /Xinhua-PRNewswire/ -- As announced on 4 October 2006, Stora Enso will close down Reisholz Mill by the end of 2007. The mill's two paper machines will cease production by year end and will then be scrapped.  Stora Enso has now signed an agreement to divest its Reisholz Mill site real estate to Slough Estates Commercial Properties, a fully owned subsidiary of SEGRO plc, a Real Estate Investent Trust (REIT) based in the United Kingdom. The asset disposal will improve Stora Enso's third quarter 2007 operating profit by about EUR 10 million. This will be recorded as a positive non-recurring item in the third quarter 2007 results. 
 
    According to SEGRO's current plans, the land will be developed for big boxes-logistic users as well as light industrial users. This will change the type of land use away from paper production.
 
    Reisholz Mill produces improved super-calendered (SC) papers and has a total annual capacity of 215 000 tonnes.

    About Stora Enso

    Stora Enso is an integrated paper, packaging and forest products company producing publication and fine paper, packaging board and wood products - all areas in which the Group is a global market leader. Stora Enso's sales totalled EUR 14.6 billion in 2006. The Group has some 44 000 employees in more than 40 countries on five continents. Stora Enso has an annual production capacity of 16.5 million tonnes of paper and board and 7.4 million cubic metres of sawn wood products, including 3.2 million cubic metres of value-added products. Stora Enso's shares are listed in Helsinki, Stockholm and New York.  
 
SOURCE  Stora Enso China