Stora Enso's Intercell Deal Completed

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Stora Enso's Intercell Deal Completed

Thursday, December 16, 2004

Press release from the issuing company

HELSINKI, Finland, Dec. 15 -- Stora Enso today announced that Stora Enso has closed its previously announced acquisition of 66% ownership of the Polish packaging producer Intercell S.A. from private shareholders and the International Finance Corporation. The transaction was concluded following approval by regulatory authorities. The acquisition is part of Stora Enso's strategy of expanding its Packaging Boards operations, and will strengthen its presence in the fast- growing Polish market. Mr. Jerzy Janowicz will remain Managing Director of Intercell. Mr. Pentti Huhta, Senior Vice President, Stora Enso Industrial Papers, will co-ordinate integration of Intercell into Stora Enso.

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