Business News

Stora Enso refrains from appealing against Finnish Market Court ruling

Tuesday 22. December 2009 - Stora Enso has decided to refrain from appealing to the Supreme Administrative Court against the ruling of the Finnish Market Court on collaboration and exchange of information with other forest products companies concerning prices for purchasing roundwood in Finland from 1997 to 2004. However, the Group emphasises that this does not mean the ruling of the Finnish Market Court is right in Stora Enso's opinion.

The Finnish Market Court ordered Stora Enso to pay a EUR 30 million penalty for
collaboration and exchange of information with other forest products companies
concerning prices for purchasing roundwood in Finland from 1997 to 2004. In its
ruling issued on 3 December 2009, the Finnish Market Court found that Stora
Enso, UPM-Kymmene and Metsäliitto Cooperative had infringed the Act on
Competition Restrictions by exchanging detailed information. In the opinion of
the Market Court, no specification of the economic benefit of the infringement
of competition restrictions had been presented.

Stora Enso will record a EUR 30 million negative non-recurring item related to
the penalty in its fourth quarter 2009 results.