Stora Enso’s lignin, Lineo® by Stora Enso, replaces fossil-based glue in plywood. Polish plywood manufacturer Paged has started collaborating with Stora Enso to meet their customers’ demands for bio-based and more sustainable plywood. This partnership also allows Paged to cut product carbon emissions. Across markets, consumers are increasingly turning towards eco-friendly products and demanding change. At the same time, the business demand for renewable, bio-based and circular solutions is also growing rapidly. We want to do our part and replace fossil-based materials with safer and more natural alternatives. With Lineo®, Paged has the possibility to replace 40% of fossil-based glue with lignin, resulting in a more environmentally friendly end-product. The ultimate goal for Paged is to be able to achieve several thousand tons of reduction in carbon emissions.

The Koehler Paper Group has joined the 4evergreen alliance, thereby underlining its efforts to ensure sustainability and protect the environment. This forum was created by the Confederation of European Paper Industries (Cepi) with the aim of increasing the role played by fiber-based packaging in achieving a sustainable circular economy, while at the same time also minimizing the impact of packaging on our climate and environment. 4evergreen brings together the entire value chain and unites it behind a common goal: To increase the role of the bio-based economy within the packaging industry. The alliance is made up of paper manufacturers, food and drink brands like Nestlé and Danone, and companies within the packaging industry (including market leaders Tetra Pak and AR Packaging), but it also includes brands, retailers, and suppliers within the technological and material sectors, right up to those working in sorting and recycling.

Highlights • Strong performance across the business ◦ Margin expansion in all continuing businesses, supported by good selling price realisation and solid operating performance in challenging conditions ◦ Key capital investments contributing to performance ◦ Total EBITDA including discontinued Russian operations (prior to special items) of €1,170 million, up 65% yearon-year • Around €1 billion of expansionary projects underway, approved or under advanced evaluation – capturing growth in our packaging markets, building on our leading market positions and adding to our strong track record of disciplined capital allocation • Completed sale of the Personal Care Components business for an enterprise value of €615 million, delivering greater focus