Solenis to Implement Energy Surcharge for all Product Lines in EMEA

*Outstanding performance driven by strong operational results and continued market strength in tissue *Net sales of $520 million, down 3% from the third quarter of last year *Net income of $37 million, or $2.17 per diluted share *Redeeming 2025 notes in Q4 2023 with a combination of a new term loan, cash on hand, and drawing on existing ABL facility *Repurchased $5 million of outstanding shares, with $10 million remaining under program *Reduced net debt by $69 million from second quarter of this year, $416 million since 2020

Stora Enso and Valmet have started collaborating on next-generation lignin product and process development to drive Stora Enso’s lignin-based businesses and further improve the performance of the Valmet LignoBoost technology. The objective of the partnership is to further develop the quality and customer value of lignin, increase the supply by optimised process machinery and asset design, and to accelerate the speed of meeting the growing lignin demand of the future. In biomaterials innovations, where Stora Enso’s agenda is focused on lignin, we bring innovative and sustainable materials to the market to replace fossil-based materials. Through know-how, strategic collaborations, and partnerships, we work to accelerate breakthrough innovations in areas such as lignin-based carbon for energy storage and bio-binders. Already today, wood-based lignin replaces fossil-based materials in asphalt, plywood, furniture panels, and dyestuff, to name a few.

Lecta announces that it has reached an agreement for the acquisition of Avery Dennison Offset Sheets business in the Europe - Middle East - North Africa (EMENA) region. The transaction is subject to competition approval from the German Federal Cartel Office. Lecta taking over the manufacture and sale of Avery Dennison’s portfolio of FASSON™ and JAC™ branded self-adhesive papers and films in EMENA. Lecta will manufacture these under a special limited licensing agreement with Avery Dennison, keeping the FASSON™ and JAC™ brands available through the existing network of distributors.