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Q&A on the impacts of Covid-19 on Stora Enso’s operations

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Covid-19 pandemic is affecting global health and creating some uncertainty and volatility in the business environment. Stora Enso Investor Relations has received some questions from investors and analysts related to the Covid-19 and its impacts on our business operations. Please find below some typical questions and answers.

Q: What precautions have you taken against Covid-19?
A: Stora Enso takes active and precautionary measures to mitigate the effects of the pandemic. The Covid-19 impacts on employees and contractors remained minimal and under control during the first quarter of 2022. Protecting employees’ and contractors’ health and safety during the pandemic has been Stora Enso's key priority. By being proactive and having extensive measures in place, we have been able to continue operations and serve customers with very limited disruptions. Stora Enso has secured the health and safety of its employees by various measures. Remote working is encouraged in workplaces where possible and we have made a gradual transition into a hybrid way of working during 2022.

Q: How did Covid-19 impact on your Q1 2022 performance?
A: Covid-19 did not have any material impact on our markets or business operations during the first quarter of 2021. We provide vital packaging materials to our customers, many of whom serve the medical, hygiene and food industries. The demand in these end usages has remained solid or even improved during the pandemic. In addition, e-commerce growth has supported the demand for smart, recyclable, and plastic free packaging solutions. The pandemic has significantly increased renovation and DIY (“Do it yourself”) building activities both in Europe and overseas markets.

Q: How did the Covid-19 lockdowns in China impact on your operations during Q1 2022?
A: Our sites in China continued to operate normally during the first quarter. However, if the ongoing lockdowns continue, it may cause disruptions to supply chains.

Q: Have your units and sites been operating normally despite Covid-19?
A: Covid-19 did not cause any production disturbances in our units in the first quarter of 2022. As a company, our duty is to ensure the health and safety of our colleagues and to make sure we can continue to provide important materials to our customers globally.

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