STORA ENSO OYJ MANAGERS’ TRANSACTIONS 7 May 2018 at 9.00 EEST Stora Enso’s Annual General Meeting on 28 March 2018 resolved that the annual remuneration for the members of the Board of Directors be paid in Company shares and cash so that 40% will be paid in Stora Enso R shares to be purchased on the Board members’ behalf, and the rest in cash. In accordance with this resolution, Elisabeth Fleuriot has received shares as follows: STORA ENSO OYJ - Managers' Transactions ____________________________________________ Person subject to the notification requirement Name: FLEURIOT, ELISABETH Position: Member of the Board/Deputy member Issuer: STORA ENSO OYJ LEI: 7437000ZP669LKUTZ738 Notification type: INITIAL NOTIFICATION Reference number: 7437000ZP669LKUTZ738_20180504102657_2 ____________________________________________ Transaction date: 2018-05-03 Venue: NASDAQ HELSINKI LTD (XHEL) Instrument type: SHARE ISIN: FI0009005961 Nature of the transaction: RECEIPT OF A SHARE-BASED INCENTIVE OR REMUNERATION Transaction details (1): Volume: 1,737 Unit price: 0.00000 EUR Aggregated transactions (1): Volume: 1,737 Volume weighted average price: 0.00000 EUR For further information, please contact: Hanne Karrinaho, Head of Financial Communications, tel. +358 2046 21446 Investor enquiries: Ulla Paajanen-Sainio, SVP, Investor Relations, tel. +358 40 763 8767 Part of the bioeconomy, Stora Enso is a leading provider of renewable solutions in packaging, biomaterials, wooden constructions and paper globally. We believe that everything that is made from fossil-based materials today can be made from a tree tomorrow. Stora Enso has some 26 000 employees in over 30 countries. Our sales in 2017 were EUR 10 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). storaenso.com STORA ENSO OYJ For further information, please contact: Hanne Karrinaho Head of Financial Communications tel. +358 2046 21446 Investor enquiries: Ulla Paajanen-Sainio SVP, Investor Relations tel. +358 40 763 8767