Stora Enso Oyj: Terminology Change in Stora Enso’s Reporting

Regulatory News:

Stora Enso (NYSE:SEO) (STO:STER) (HEX:ENUR) (BCN:ENUA)

Stora Enso will change the terminology in its reporting in accordance with the new guidelines from the European Securities and Markets Authority (ESMA) concerning Alternative Performance Measures. This will begin from the interim report for the second quarter, to be published on 21 July 2016.

The term "Non-recurring items” (NRI) will be changed to "Items affecting comparability” (IAC), but the definition remains the same. As before, these items are exceptional transactions that are not related to recurring business operations. The most common items affecting comparability are capital gains, additional write-downs or reversals of write-downs, restructuring costs, and penalties. IAC are disclosed individually, if they exceed one cent (EUR 0.01) per share, or EUR 8 million.

Stora Enso will add a table in its interim reports from the second quarter of 2016 onwards explaining the main IAC. The table will also include fair valuations and non-operational items. The same table has already been disclosed in Stora Enso’s Financial Reports.

ITEMS AFFECTING COMPARABILITY, FAIR VALUATIONS AND NON-OPERATIONAL ITEMS

There will be no changes regarding the other alternative performance measures used by Stora Enso. These are Operational EBIT, Operational EBITDA, Cash flow from operations, Cash flow after investing activities, Net debt to operational EBITDA, Operational ROCE, Operational ROOC and EPS excluding IAC. These key figures present the operational result without exceptional transactions that are not related to recurring business operations, and thus enhance the comparability from period to period.

There will be no changes to Fair valuations and Non-operational items. Fair valuations and Non-operational items include equity incentive schemes and related hedges, CO2 emission rights, valuations of biological assets, and the group’s share of tax and net financial items of equity accounted investments.

The definitions and calculations of key figures are presented in Stora Enso’s Interim Report for January–March 2016, and in Financial Report 2015. There will be no changes in these definitions and calculations.

Stora Enso is a leading provider of renewable solutions in packaging, biomaterials, wooden constructions and paper on global markets. Our aim is to replace fossil based materials by innovating and developing new products and services based on wood and other renewable materials. We employ some 26 000 people in more than 35 countries, and our sales in 2015 were EUR 10.0 billion. Stora Enso shares are listed on Nasdaq Helsinki (STEAV, STERV) and Nasdaq Stockholm (STE A, STE R). In addition, the shares are traded in the USA as ADRs (SEOAY) on the International OTCQX over-the-counter market. storaenso.com (http://www.storaenso.com) STORA ENSO OYJ

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