0001144204-08-000881 Sample Contracts

SUPPLEMENTAL AGREEMENT NO. 2 TO DEPOSIT AGREEMENT
Deposit Agreement • January 7th, 2008 • Stora Enso Corp • Papers & allied products • New York

SUPPLEMENTAL AGREEMENT NO. 2 dated as of January , 2008 (the "Amendment") to the Deposit Agreement dated as of August 24, 2000, as amended by Supplemental Agreement No. 1 dated as of January 20, 2004 (as so amended, the "Deposit Agreement"), among Stora Enso Oyj, a company incorporated in the Republic of Finland, and its successors (the “Company”), Deutsche Bank Trust Company Americas, a New York banking corporation and an indirect wholly owned subsidiary of Deutsche Bank AG, in its capacity as the successor depositary (the “Depositary”), and all Holders and Beneficial Owners from time to time of American Depositary Shares evidenced by American Depositary Receipts issued thereunder.

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