Marko Hakovirta SVP, Innovation and R&D

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1 Marko Hakovirta SVP, Innovation and R&D Marko Hakovirta, PhD (Physics), MBA SVP, Innovation, Renewable Packaging and Consumer Board, Stora Enso (2014 ->) Positions as Professor and Director, in Research and Education Institutes at Auburn University and Georgia Tech, USA ( ) Group VP, Technology, Metso Corporation ( ) and other Innovation management related leadership positions in Metso Group ( ) Fellowships at Los Alamos National Laboratory (US) and CERN (Switzerland) ( )

Georgia Tech, USA (2011-2014) Group VP, Technology, Metso Corporation (2006-2011) and other Innovation management related

2 Division Consumer Board Innovation and R&D Marko Hakovirta SVP, Innovation and R&D London, 28 May 2015 The renewable materials company

3 Disclaimer It should be noted that certain statements herein which are not historical facts, including, without limitation those regarding expectations for market growth and developments; expectations for growth and profitability; and statements preceded by believes, expects, anticipates, foresees, or similar expressions, are forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of Since these statements are based on current plans. estimates and projections, they involve risks and uncertainties which may cause actual results to materially differ from those expressed in such forward-looking statements. Such factors include, but are not limited to: (1) operating factors such as continued success of manufacturing activities and the achievement of efficiencies therein, continued success of product development, acceptance of new products or services by the Group s targeted customers, success of the existing and future collaboration arrangements, changes in business strategy or development plans or targets, changes in the degree of protection created by the Group s patents and other intellectual property rights, the availability of capital on acceptable terms; (2) industry conditions, such as strength of product demand, intensity of competition, prevailing and future global market prices for the Group s products and the pricing pressures thereto. price fluctuations in raw materials, financial condition of the customers and the competitors of the Group, the potential introduction of competing products and technologies by competitors; and (3) general economic conditions, such as rates of economic growth in the Group s principal geographic markets or fluctuations in exchange and interest rates. The renewable materials company

States Private Securities Litigation Reform Act of 1995. Since these statements are based on current plans.

4 Advancing the renewable packaging industry with products excellence Microfibrillated cellulose Biobarrier coatings Intelligent packaging Replacing plastics Design solutions

5 Global Benchmark and Thought Leader in Renewable Packaging Innovation World class R&D capabilities State of the art lab and pilot equipment Imatra, Finland and Karlstad, Sweden World class expertise Packaging materials science Product purity & safety and machine interaction Industrial scaling-up, piloting, incubation and new business development 140 professionals Research Center Imatra Research Center Karlstad

Packaging materials science Product purity & safety and machine interaction Industrial scaling-up,

6 External R&D network Active collaboration with top research institutes and universities

7 Stora Enso is the customers solution to consumers demand for renewable materials Manufacturing centric Packaging innovations Customer centric Packaging innovations Drivers Production costs, materials technology, production efficiency, optimization, Technology Push Drivers Renewable as customers success factor, ergonomic user experience, easiness to use and attributes.

Production costs, materials technology, production efficiency, optimization, Technology Push

8 Stora Enso is the customers solution to consumers demand for renewable materials Customer Consumer R&D New business development Design innovation Product and materials Technology development R&D Services Partnerships and JV s Incubation Customer solutions Business plans Consumer Insight Innovation Materials Lab. Innovation Center

materials Technology development R&D Services Partnerships and JV s Incubation

9 Innovation in the center of our business Intelligent packaging solutions with NXP Innovation center in Helsinki

10 Microfibrillated Cellulose development 2006 Internal and external research 2011 MFC pilot capacity planning 2014 New scalable technology enables commercialization 2009 MFC R&D related to scalability and new applications 2012 MFC pilot plant start-up 2015 MFC commercial activity started

enables commercialization 2009 MFC R&D related to scalability and new

11 Key drivers for innovation SOURCE REDUCTION REPLACING FOSSILE BASED MATERIALS CONVENIENCE The renewable materials company

12 World of packaging

Stora Enso transformation. CFO Karl-Henrik Sundström

Stora Enso transformation. CFO Karl-Henrik Sundström Stora Enso transformation CFO Karl-Henrik Sundström 12 September 2012 It should be noted that certain statements herein which are not historical facts. including. without limitation those regarding expectations