Overview • Q3 2022 reported operating income of $19 million; net income of $16 million, or $0.25 per share • Strong global pulp fundamentals principally led by supply shortages; significant uptick in NBSK pulp unit sales realizations • Improved pulp production following capital-related downtime earlier in the year

Kati ter Horst, Executive Vice President, Paper Division and a member of the Group Leadership Team, has decided to leave Stora Enso as of 1 July 2022. After more than 25 years with the Company, she will now pursue career opportunities outside of Stora Enso. Kati ter Horst joined Stora Enso in 1996 and has been leading the Company’s Paper division since 2014. “As a highly valued member of our Group Leadership Team, Kati has been instrumental in driving Stora Enso’s transformation journey into a renewable materials company by contributing to strategy development. She has showed strong leadership and has played a key role in the extensive restructuring process of our paper business. I want to express my gratitude to Kati for her significant contributions to Stora Enso, while wishing her all the best in her future endeavours,” says Annica Bresky, President and CEO at Stora Enso.

Georgia-Pacific announced significant investments, which total more than $500 million, at its Green Bay, Wisconsin, Broadway mill. The investments will greatly enhance the company's retail consumer tissue and towel business. Investments to the Green Bay mill include building a new paper machine using through-air-dried (TAD) technology, as well as adding associated converting equipment and infrastructure. Engineering and related work is beginning immediately, with startup of the new machine scheduled for the first half of 2024. Approximately 150 jobs will be created to operate the new papermaking complex, in addition to the mill's 850 current employees. The project will have as many as 500 construction and contract-related workers onsite at the mill, fluctuating with project timeline.