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2014-04-23

Solidium Oy: FAM and Solidium expect Stora Enso to find a sustainable solution to child labour

Highlights of speech by FAM and Solidium at Stora Enso Annual General Meeting,
23 April 2014

* FAM and Solidium strongly support Stora Enso's strategy of growth and
transformation. We believe that the strategy will improve the company's
shareholder value and profitability in many ways and will create a solid
foundation for the company's long-term development.

* With expansion into emerging markets, such as China, India, Brazil,
Pakistan and Uruguay, follows also major responsibility. It is therefore
essential for Stora Enso to prioritize corporate social responsibility as
part of its strategy. The company's long-term success is dependent on
strong relations with local communities in all operating countries, and
that the company's operations are seen as a positive force in each country
of business.

* Child labour in Pakistan is an example of a major challenge, which any
company entering the country must address. FAM and Solidium find the use of
child labour completely unacceptable.

* As long-term shareholders, we expect Stora Enso to find a sustainable
solution to child labour in the supply chain of its joint venture in
Pakistan in a time frame ensuring the well-being of the affected children
in the best possible way. We also expect the company to communicate more
actively and openly about its plans and developments in the situation.

* Solidium and FAM are currently assessing how we as owners can be the best
possible support to Stora Enso going forward. As one example, we are
meeting international organizations and other experts to discover best
practices for combating child labour.

For more information, please contact:

Lars Wedenborn, CEO, FAM
E-mail: lw(at)fam.se, Tel: +46 735 23 77 35

Kari Järvinen, CEO, Solidium
E-mail: kari.jarvinen(at)solidium.fi, Tel: +358 40 548 3995
FAM and Solidium speech at Stora Enso Annual General Meeting, 23 April 2014:

Dear shareholders,

I am Kari Järvinen, the CEO of Solidium Oy.

I would like to present a joint statement from Foundation Asset Management and
Solidium.

Foundation Asset Management (FAM) and Solidium are both long-term, active
shareholders of Stora Enso. Together we represent approximately 22 per cent
of the capital and 52 per cent of the votes in Stora Enso. Due to the recent
discussion around Stora Enso we felt that today's annual general meeting was
the right time to share our views on Stora Enso and its future with the rest
of the company's shareholders.

CEO Karvinen has just given us a thorough presentation on Stora Enso's
strategy and operations, and described the company's corporate responsibility
status in Pakistan.

Stora Enso is in the middle of a major strategic transformation from being a
European pulp and paper company to a value creating, growth markets-focused,
renewable materials company. The packaging industry is growing globally. A
significant share of the growth is taking place in the emerging markets.
Stora Enso has expanded into several of these emerging markets, which has
been well justified by the growth in these regions.

FAM and Solidium strongly support Stora Enso's strategy of growth and
transformation. We believe that the strategy will improve the company's
shareholder value and profitability in many ways and will create a solid
foundation for the company's long-term development.

The strategic journey that Stora Enso is on will take time and puts high
requirements on the Board, management and employees. With expansion into
emerging markets follows also major responsibility. Stora Enso is investing
in China, India, Brazil, Pakistan, Uruguay and other emerging regions. Each
of these markets has its own complex characteristics and challenges. In
emerging markets, the role of corporate social responsibility becomes
increasingly important. It is therefore essential for Stora Enso to
prioritize corporate social responsibility as part of its strategy. Stora
Enso's wholly and jointly owned operations affect many people in the
countries they are active in, for example, in the forestland operations in
China and Brazil. The company's long-term success is dependent on strong
relations with local communities in all operating countries, and that the
company's operations are seen as a positive force in each country of
business.

Child labour in Pakistan is an example of a major challenge, which any company
entering the country must address.

FAM and Solidium find the use of child labour completely unacceptable. This is
a fundamental social value in Finland and Sweden. It is also a key issue from
the perspective of responsible ownership. The Universal Declaration of Human
Rights by the United Nations and the ILO Declaration on Fundamental
Principles and Rights at Work are key policy statements that we respect.
Stora Enso is also committed to respecting the principles of these key
declarations.

As long-term shareholders, we expect Stora Enso to find a sustainable solution
to child labour in the supply chain of its joint venture in Pakistan in a
time frame ensuring the well-being of the affected children in the best
possible way. We also expect the company to communicate more actively and
openly about its plans and developments in the situation. It is important
that Stora Enso gains trust in the way it addresses child labour and other
sustainability issues. We have had a good and frequent dialogue with the
company's management and Board, which we will continue to emphasize going
forward.

Addressing child labour in the supply chain and ensuring the well-being and
schooling of these children will require determination and persistence from
everyone involved. Here, we would like to emphasize the role of international
cooperation. One company cannot solve the problem alone, and for this reason,
we support Stora Enso's close cooperation with international and local
experts.

Solidium and FAM are currently assessing how we as owners can be the best
possible support to Stora Enso going forward. As one example, we are meeting
international organizations and other experts to discover best practices for
combating child labour.

It is important for us all as shareholders to remember that good corporate
social responsibility is a key indicator of long-term competitiveness for
companies. In addition, it will inevitably create value for all shareholders.
From the shareholder's perspective, it is very important that the company
pays attention to all key economic, social and environmental issues in an
exemplary manner. In the best case, corporate social responsibility can also
lead to entirely new business opportunities.

Stora Enso has the opportunity to have a significant positive impact on its
emerging market environments. For local residents, packaging manufactured
from locally sourced, renewable materials is an important part of, for
example, food safety and thereby general well-being. The business will
naturally also bring technology and expertise into each operating country.

Dear fellow Stora Enso shareholders, allow me to summarize:

Stora Enso's growing packaging and biomaterials business plays a key part in
the company's strategy. Renewable materials, solid expertise and excellent
products are a good combination. This mix will improve both social
development and shareholder value, and will lead Stora Enso to a successful
future. However, success in the future will require a very strong focus on
sustainability and that it becomes an intrinsic part of the company's daily
operations.

Stora Enso has emphasized that it observes the principles of sustainable
development when expanding into emerging markets. As owners, we support the
company in its efforts to find solutions to corporate social responsibility
questions and we will follow developments in the situation. Expansion and
growth should be based on long-term responsibility towards all parties
involved.

We would also like to thank CEO Jouko Karvinen for his persistent work in
planning and executing the company's strategy. Through his strong personal
commitment, CEO Karvinen has played a key role in implementing the company's
transformation.

Thank you.

---------------------------------------

This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Solidium Oy via Globenewswire

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